Disclaimer: Steelman's Technical Charts are my own amateur interpretations of technical charts and for informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. Steelman's Technical Charts assume no responsibility for your trading and investment results.
Saturday, May 19, 2012
SPY completed H&S TOP
Well its been a while since I posted working a new job ans 9 to 5 now but will try to get more in. The SPY just played out a beautiful Head and shoulders top. it hit my predicted measurement for it on the close on Fri so should be a bounce come Mon. If we break this support then could be real trouble in the markets. the next support would be the 200 avaerge marked in red.