Sat July 2


S&P500 daily charts show updated rising wedge and possible head
and shoulders pattern with target of 1150 when confirmed. Recent
aggressive buying and short covering is revealed by very bullish
candles.

Since DOW/SP500 is now EXTREMELY overbought, the reaction
next week should result in a significant retracement.

Advertisements

I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: