This may help somewhat... The S&P has clearly formed an H&S yet it has not breached which shows any day now and early next week fits that description... When we complete the H&S (day session ends in breach of support line) institutional/commercial algos SHOULD start in the extended session followed by a bigger selloff in the next day session and followed by a LOGICAL kneejerk (hence your new fan line) (but >>> markets do not rely on logic)...
Good news is... We do have a confirmation of a H&S... :D Have you been looking at the finance sector? They usually are the sector to flash the first warning before a major decline > 3 days...
Included is a link to the Russell Financial chart... Clear confirmation...
copy and paste ----> http://db.tt/RBi8Ju8p
I have huge open wagers sunday night we should see japan and then europe kickstart it off
This may help somewhat...
ReplyDeleteThe S&P has clearly formed an H&S yet it has not breached which shows any day now and early next week fits that description...
When we complete the H&S (day session ends in breach of support line) institutional/commercial algos SHOULD start in the extended session followed by a bigger selloff in the next day session and followed by a LOGICAL kneejerk (hence your new fan line) (but >>> markets do not rely on logic)...
Good news is... We do have a confirmation of a H&S... :D Have you been looking at the finance sector? They usually are the sector to flash the first warning before a major decline > 3 days...
Included is a link to the Russell Financial chart... Clear confirmation...
copy and paste ----> http://db.tt/RBi8Ju8p
I have huge open wagers sunday night we should see japan and then europe kickstart it off
Have a beautiful weekend