If you’re bearish…

The S&P 500 looks to be forming a rising head and shoulders pattern on the daily chart, which has not quite broken the neckline yet.  Interestingly, a head and shoulders pattern has already completed on the 30 min chart. 

Sp_daily_hs_092205

Sp_30min_hs_092205

The Russell 2000, which has lead the market, also clearly broke down yesterday. 

Rut_091905

1 thought on “If you’re bearish…”

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