Wednesday, August 3, 2011

S&P 500 Index Head And Shoulder Pattern 08/03/11



You may have heard Art Cashin talk about the S&P Head and Shoulder pattern, and the break past its neckline. The chart above shows you what he was referring to. Technically, the market may find support neat 1139. Of course, the market could also rally to new highs.

Charles

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