Skip to main content

So far so good. Despite making an atypical right shoulder, today the S&P broke the neckline of the head and shoulders pattern I’ve been watching for the past week or so.

In the process, it also managed to break the downtrend in place since mid-September:

That doesn’t mean it’s clear sailing for the rest of 2008; I expect at least a test of both of these bullish breakouts sometime soon.

Leave a Reply