Tuesday, May 15, 2012

SPX "Lopsided Longshot"

These charts were posted on www.spxcolortrade.com 
Chart #1 was a pattern we saw developing that reflected a "Head and Shoulders" pattern. The only difference was the Head and Shoulders was tracking in an upward direction. We decided to post the chart May 3rd and observe how the pattern developed...

 Chart#2 is how the pattern is currently developing (Posted May 15th)...



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This product is meant for educational purposes only. All information and data displayed on this blog should not be taken as advice to Buy or Sell any Index, Stock, ETF or Option.