Tuesday, September 20, 2011

Obvious Head & Shoulders & 20 Year Cycle

Alot of traders are watching this head and shoulders pattern on the 30 minute chart....see first chart.

Gann 180 window is closing this week but I think this H&S should get violated as the SPX may rally more in a wedge pattern into the New Moon area. There is also a 20 Year Cycle High due October 2+/-....see second chart.

This c-wave we are in just doesn't look finished...

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