View: SPX - Daily - 5.13.16.png
SPX - Daily - 5.13.16.png
SPX daily. This is not investment advice.
It is NOT, huh? 100% sure? Never ever should you be so sure. That's not thinking in probabilities. We'll take another look in a couple of weeks and see how it looks. Your guess may turn out to be correct.
Of course I'm not 100% sure. That's a given in anything in life. I just like to be inflammatory.
Like I said, some of the most ferocious rips happen with busted H&S setups.... Scary, but position responsibly and either one makes for a great opportunity. Traders aren't so much about BEING right. What we are supposed to be great at, is GETTING right, and getting right,...quickly.
May be, may be. Next week is OPEX week. Neck line will be hold for now.
Inflammatory Dink, would you happen to be from New Jersey or New York?
Gee, nobody could see the H&S pattern failing...NO ONE! The state of technical analysis is in a sad state of affairs when those charging for chart analysis can't even get something so simple.
Someone has to say it. You've been pretty much on the money with this chart so far and I was expecting it to fall sharply.