Monday, June 4, 2012

What about this S&P500 cash close? Games?

update - The blue line was indeed crossed. the signal post inverse H&S highlighted on monday(below)
5 min ES

probably.. shorts do not want to give up.. though were caught off guard by the russell small caps breaking higher off the lows in a inverse H&S pattern.. you can thank the machines for building the right shoulder of inverse H&S in the ES_F - as depicted below.. the blue line must be crossed up through by the price to break higher.  come check out - free forum.. traders talking markets nearly 24 hours a day.

Trade what is not the tape.. not what you think could be on the tape.
5 min 
15 min min ES_F