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Scenario 2: A complex H&S formation is possible if we count 2 left shoulders, we may get another right shoulder before breaking downwards. In this scenario we may see price go up to 910-930 before falling further towards 804.
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Wednesday, July 8, 2009
S&P 500 08/07/2009
Scenario 1: S&P has confirmed the H&S. Measured target price is 820. We may see a throwback towards the neckline soon.
Scenario 2: A complex H&S formation is possible if we count 2 left shoulders, we may get another right shoulder before breaking downwards. In this scenario we may see price go up to 910-930 before falling further towards 804.
Scenario 2: A complex H&S formation is possible if we count 2 left shoulders, we may get another right shoulder before breaking downwards. In this scenario we may see price go up to 910-930 before falling further towards 804.
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