Neckline
The Qs are battling the neckline of the inverted H&S pattern on the 30 min timeframe. Market action remains strong, do not let your guard down.
The Qs are battling the neckline of the inverted H&S pattern on the 30 min timeframe. Market action remains strong, do not let your guard down.
Let us rise up and be thankful, for if we didn’t learn a lot today, at least we learned a little, and if we didn’t learn a little, at least we didn’t get sick, and if we got sick, at least we didn’t die; so, let us all be thankful.~Buddha
Here is a live recording of a trade from 2002. Marketwise no longer does any business and I stopped writing the referenced newsletter in 2005.
Mixed signals make it tough to see which way the market will go short term. The Qs have traced out a H&S pattern which will be completed below 2750, but with the more important potential for support from 27-2730 make it low odds for a short. Sometimes cash is the best position.
When the mind is thinking it is talking to itself.~Plato