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Old 06-11-2017,
aaronjk11 aaronjk11 is offline
Join Date: Apr 2017
Posts: 0
Default Will it be a Head & Shoulders?

Opinions please.

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Old 06-13-2017,
AbdulMusta AbdulMusta is offline
Join Date: Mar 2017
Posts: 0

This pattern might work but it may work like a glass half full or half empty(whichever way you say). Take your profits gradually and keep your stops if you are trying to play swings. If things are not working your way, exit your position. Play small if you are confused.

You can also say that the head pop was a fake out and we are in a channel consolidating which will finally break on the upside. Safe to short the top of the channel and take profits as we approach lower side of channel.

Best thing will be break the neckline and stop at 875 and then rip higher!

I still think market rips higher towards 1000 area 1st before we break 875 on the downside. Things can change but I don't see it right now!
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Old 06-14-2017,
AbnormalReturns AbnormalReturns is offline
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Join Date: Jun 2014
Posts: 114

Could very well be a H&S after this morning's reversal. Made a nice right shoulder at 930 on the S&P, we'll have confirmation if it breaks that support shelf. Biased to the short side unless I see a move over 930, you also are seeing strong reversal in dollar and commodities suggesting liquidity flows are coming out of the market.
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Old 06-15-2017,
Abigailor Abigailor is offline
Join Date: Mar 2017
Posts: 0

That SSO short at $26 mentioned in other threads is playing out as planned.
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Old 06-16-2017,
admin admin is offline
Join Date: Dec 2010
Posts: 756

It's just about complete, but I'm betting that it bounces off the neckline or the 200 day MA and goes higher. The pattern is too obvious. H&S patterns don't always pan out and this might just be one of those times.

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