Folks,
The S&P might be setting up a head & shoulders formation that will hopefully give us a nice, low risk short entry. Wait for a break of the H&S neckline which corresponds to a strong support zone.
Use a stop that's just above the high of the right shoulder.
If this breaks it could be the end of the bounce...leading to a revisit of March's lows.
DO
The S&P might be setting up a head & shoulders formation that will hopefully give us a nice, low risk short entry. Wait for a break of the H&S neckline which corresponds to a strong support zone.
Use a stop that's just above the high of the right shoulder.
If this breaks it could be the end of the bounce...leading to a revisit of March's lows.
DO