Back on April 20th I sent out these to charts showing a very bullish macro inverted head and shoulders pattern in the S&P. This was when we held 1295-1300, and now we are closing a week or so later about 50 handles higher, well on our way to the 1410-1430 target.
Below are the charts I have sent regarding the S&P pattern. I did sell some of my SPDR S&P 500 ETF (SPY) shares today as we are a little bit extended.
*DISCLOSURE: Long SPY
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