I first started talking about the Head and Shoulders Pattern in the S&P last week, and followed up on Tuesday with a chart showing the neckline of the pattern getting tested. The neckline was the 1255-1285 area. The measured move of the pattern is down to 1180-1160. So far, this down move has happened quickly (quicker than I envisioned), as the market has closed down 8 out of the…
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