ES,NQ,YM-Possible Inverse Head & Shoulder Daily Charts

[Rickshaw Man]

Keep an eye on this folks.

 

[murray t turtle]

Keep an eye on this folks.



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Put another way SQQQ [bear profits ETF] has closed aboVe 200day moving aveage; not long or short that one/jerked some daytrade profits from it .
WANTED to buy some UDOW, but too faaaaaaaaaaaaaaaaaaar below 200 dma

 

[notagain]

Inflation would have to be brought under control along with lower oil prices.
Biden could license more energy production and cancel the federal gas tax.
He better do something, credit card use spiked up.

 

[nitrene]

More likely the NQ will just slice through 12942.5 from 3/14/22.

 

[maxinger]

I'd prefer to call it as

sideway movement
swing up & down & up and down pattern
ranging


ie call it anything other than the head shoulder neck thing.

 

[beginner66]

 

[Rickshaw Man]

I think today marked a bottom on that right shoulder. Look for strong volume in the up formation. Maybe tech earnings will be the source for that. Netflix starts after the close. I expect the overnight rally in index futures tonight.

 

[Rickshaw Man]

The DJIA seems to be setting up nicely. Broke the neckline with strong volume. The measured moves are quite large in all three of these major indexes. It may take months to play out but it's worth the risk.

 

[maxinger]

The DJIA seems to be setting up nicely. Broke the neckline with strong volume. The measured moves are quite large in all three of these major indexes. It may take months to play out but it's worth the risk.

View attachment 282804

there is no shoulder, no head, no neck, no windpipe ...

it is moving sideway & in a rather disorderly manner.

 

[wrbtrader]

Keep an eye on this folks.

View attachment 282279

Always be on the lookout for a small H&S pattern that has already setup within a big H&S pattern that's trying to setup. It showed up on your Emini YM futures chart especially when the big H&S pattern pulls back after a breakout.

Tricky price action to trade when smaller patterns show up in the opposite direction within a bigger pattern.

wrbtrader