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Friday, July 24, 2009
S&P 500 24/07/2009 - Update
The previous H&S Top pattern on S&P 500 has been busted as the prices moved above 956 (The head). The H&S bottom pattern is still valid. The recent dip near 870 acted as a throwback. If this pattern is valid, we may be headed towards 1084 with resistance at 986 and 1007. Support will be near 950 and 930. So its a buy on every dip. I had updated this pattern on 10/05/2009 here.
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