Wednesday, August 5, 2009
S&P500, Dow Jones and Russell2000 have formed the broadening top pattern, this is a very bearish pattern. As I mentioned before if S&P500 moves above 1050 this scenario won't come to play.
Broadening Top pattern
Bulls might want to check this out:
Bulish scenario, Inverted Head & Shoulders Pattern
Posted by . at 1:01 AM