Alert: NAZ and SPX are forming a H&S bottom on the hourly chart............
The head of a reverse H&S should be the low of the move...in this case it's part of a horizontal triangle and not the low.
Posted 03 July 2018 - 08:46 AM
Alert: NAZ and SPX are forming a H&S bottom on the hourly chart............
The head of a reverse H&S should be the low of the move...in this case it's part of a horizontal triangle and not the low.
Posted 03 July 2018 - 08:52 AM
Alert: NAZ and SPX are forming a H&S bottom on the hourly chart............
The head of a reverse H&S should be the low of the move...in this case it's part of a horizontal triangle and not the low.
Yes, it's an inverted H&S bottom and I forgot to type "inverted" in the previous posts.
Edited by redfoliage2, 03 July 2018 - 08:52 AM.
Posted 03 July 2018 - 09:09 AM
Update
The signal remains in Bullish mode.
Posted 03 July 2018 - 10:04 AM
Neutral now.
I think due to the shortened trading day the rally is delayed to Thursday.
Edited by redfoliage2, 03 July 2018 - 10:12 AM.
Posted 05 July 2018 - 01:04 PM
Update
the signal is currently at Neutral.
Posted 05 July 2018 - 01:06 PM
It looks we may see a late day selling today, and expect index futures and global markets to go sharply lower tonight.
Edited by redfoliage2, 05 July 2018 - 01:14 PM.