You can clearly see a small H&S pattern emerging within a major one, with the distance of from the base of the major H&S to it's heading taking my projection to the support last seen in Mar 23'.
Seeing similar patterns amongst a few indexes and with the VIX at such lows, I'm taking a punt.
Seeing similar patterns amongst a few indexes and with the VIX at such lows, I'm taking a punt.
Trade active:
We've seen a test of the H&S base as resistance with the bearish continuation.
Trade closed manually:
I'd close position if you're in.
See my latest SPX post.
See my latest SPX post.