The
1685.75 high from May 22nd will be big when we get there.
If the market is
strong enough to break through, it should follow the Nasdaq 100 and breakout to
new highs (Nasdaq 100 Breakout. source: Bespoke).
However, if we fail around the 1685.75 level, that would develop a BEARISH head and shoulders formation.
Syria ,
Fed Chairman race, the debt limit, the Taper…..a lot of crosswinds and foggy
horizons.
Do what pilots do….navigate with instruments, or in our world, the charts.
However, if we fail around the 1685.75 level, that would develop a BEARISH head and shoulders formation.
Do what pilots do….navigate with instruments, or in our world, the charts.
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