Browse Stacks: Patterns: Inverse H&S: 12 sept9.PNG

12 sept9.PNG

Clearly not impossible to go to a new 52wk low 

P/E20 (blue line) has been a very strong RESISTANCE through history (see next post) 
What's sure right now is that the market is pricing in a big rise in earnings so It has all the room to be disapointed if happens later than anticipated 

I'm clearly bullish long term so an inverse H&S pattern would permit to gain time before earnings escape velocity (I said that I don't see the last ES2190 before 2018)

Comments

Maybe Raymond ReddingtonMaybe Raymond Reddington
Baby steps SS. We need to get below Brexit lows before there is any talk of sub 1800s. 9/9/16
Silver SingularitySilver Singularity
I know but now I have the first point of da dimension I just need the other two ^^ (only one in fact: time) 9/9/16
Silver SingularitySilver Singularity
...or the other 9/9/16
.01255.01255
A fill of the open island below on NYA would suggest roughly ES 2030.  
 
http://cdn.socialtrade.com/comsys/imgs/email-3387826-2_to56Si_m.png
Retrieved from http://commentsys.slopeofhope.com/lnk.php?u=http%3A%2F%2Fcdn.socialtrade.com%2Fcomsys%2Fimgs%2Femail-3387826-2_to56Si_m.png&size=s
9/9/16
...