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moneyflow_trader

short term bullish but forming head and shoulders short set up

Short
iShares iBoxx $ Investment Grade Corporate Bond ETF (AMEX:LQD)  
moneyflow_trader  
AMEX:LQD   iShares iBoxx $ Investment Grade Corporate Bond ETF
Trend Analysis Harmonic Patterns Chart Patterns bonds shy TLT SHYG SPYD SPDR S&P 500 ETF (SPY)
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trendanalysis harmonicpatterns chartpattern bonds shy tlt shyg spyd spy
bearish head and shoulders pattern forming. the rise of the right shoulder is short term bullish. this is to test the previous resistances of Elliott Wave #3, and to test the previous support levels of (A) and (C)...I'm stalking a short entry near or slightly above those levels. Also goes with my theory of favoring short term corporate bonds. I think they are undervalued.
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