Looking like a head and shoulders
So I felt like we had a good shot to go down, today was wild and we managed to regain a lot of the losses but stalled out and formed a head and shoulders pattern. I think buyers are out of gas and we may get a sell off to end the week.
Measured move on the channel, Measured move on H&S all point to 4100-4110. This is near max pain 404-405 on a critical options week and lines up with horizontal resistance.
Just my opinion.
Good luck :)
Measured move on the channel, Measured move on H&S all point to 4100-4110. This is near max pain 404-405 on a critical options week and lines up with horizontal resistance.
Just my opinion.
Good luck :)
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