Time to Sell

[Petsamo]

Guys, look at the SPX. It looks like we may have an inverted head & shoulders in progress.

 

[MarketOwl]

I think its generally agreed in TA circles that an inverted head and shoulders is bullish.

A regular head and shoulders pattern is bearish....

 

[risky63]

selling usually follows the pattern( 50%) then the rally to old highs.
looks like the dollar wants to consolidate here so.................

 

[logikos]

Why does everybody try to make projections with daily charts? Look at multiple time frames. Weekly and monthly. You will get the bigger picture.

 

[karlabatsy]

I agree, you have to keep attention in the main trend.

It´s better analize a 1 year daily chart and then define your investment horizon and get if is necesary a chart with a short time period .