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Head and Shoulders in S&P?
By Mike Paulenoff | Published  06/21/2006 | Stocks | Unrated
Head and Shoulders in S&P?

 

With this morningââ,¬â"¢s upmove, and after at least two successful tests of 1247.25, the pattern developing on the hourly S&P chart continues to resemble a three-week inverted head-and-shoulders base.



 



Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.