S&P 500 Inverted Head & Shoulders Pattern

I think it's worth pointing out the inverted head & shoulders pattern (bullish) that developed in the S&P500 over the past 1.5 months.  With a neckline around 1340, if this pattern plays out texbook it would mean the SPX could rally all the way to around $1430ish.  Just a thought for now though, I am not going long on this alone, clearly.

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *