Technical patterns

This is an interesting chart (click on the chart to enlarge it).

The trend is up, as discussed in a previous blog.

There is a head and shoulder formation (inverse), which is very bullish.

The S&P 500 seems to be braking the resistance line on the upside.

Very interesting patterns. All bullish.

Of course, everything could unravel tomorrow. Investing, however, is a matter of odds.

A reminder. My market signals are published every Sunday in The Peter Dag Portfolio. New subscribers can access all previous issues -- absolutely free for the first month.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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