Saturday, May 7, 2011

S & P

I posted this chart on 4/27 (see archives). Look where the price action went and look where it's at. This looks like a failed inverted H & S, the bullish sentiment is off the radar screen for now until the market can reveal a trade-able pattern. I'm bearish to neutral. Keep in mind the markets should have short rallies which should create nice shorting opportunities. Hope this helps

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