Inverted head and shoulders on the SPX?

Classic "W" chart pattern on the 2 day 5 min chart and the daily chart is reflecting a symetrical pattern. With the late session rallly boosting the price above the open it may be safe to expect more bullishness tomorrow.
 
OH Yeh, that hammer with a tweezer bottom the day before. Looking like an up day. I can see it through D7's vid at freetradingvideos.com. Yes, this is where I study everyday and I'm proud of it.
 
The VIX continues to bleed, we're attacking 40 now. Very good sign. I often find that fake out break outs like last night, do tend to break out in the other direction, or they stock at about the mid point, or fifty percent retracement/pullback, and take the same direction out for good.
 
just buy all dips. dow should see 9000 soon with all this credit and liquidity being added to market. At some point this market will enter a multi-month rally.
 
Monday will show, but that's not a good sign. VIX popped up as well. That might have just been a , " I don't want to hold over the long weekend sell off". What do you think?
 
ES opens for the Sunday evening session UGLY! The EU session tonight might get us a run for the major support zone at 800.75 to 797's area soon. Resting delta NET LONG HOLDERS inventory only about 10 points now below current price.....this will be a fun night. :eek:

My next profit targets are still at 803.00 and 793.00! :)
 
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