the bigger picture, today's action only proves what we had in the last couple of days was just a rebound, maintain the Aug 9 lows will be revisited. For now the only question to me is when the rebound will be over and where? And today's up isn't over yet as of now.
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lilitulip wrote:Hi Cobra, if the HS broke, and now it back above previous neckline, should it be still same HS pattern? or would be another pattern? thanks
H&S finished. We should now look for another pattern.
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Cobra wrote:the bigger picture, today's action only proves what we had in the last couple of days was just a rebound, maintain the Aug 9 lows will be revisited. For now the only question to me is when the rebound will be over and where? And today's up isn't over yet as of now.
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There appears to be a H&S pattern on that chart. I guess the Bulls can invalidate it by grinding higher. Is it your feeling we won't measure down for that pattern?
hello cobra,
good morning. so your target is around 121 within next 2-3 days? is that how i should interpret this?
max target. usually don't expect 100% measured move, make it 61.8% to be safe.
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Nasdaq led this up this morning, now the NQ is lagging (a little)...mean anything...any target on a move down on the SPY before a move back up.
Thanks.
I don't see NQ lagging now.
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There appears to be a H&S pattern on that chart. I guess the Bulls can invalidate it by grinding higher. Is it your feeling we won't measure down for that pattern?
I don't see H&S?
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There appears to be a H&S pattern on that chart. I guess the Bulls can invalidate it by grinding higher. Is it your feeling we won't measure down for that pattern?