Weekly SPY Bullish Reversal Pattern

[Roman Candle]

Inverse Head & Shoulder in the making, sure wish we were in late October.

 

[Roman Candle]

I will cost average into a position under the neckline. I know I should wait but my feelings are bullish with the election in 2010 the dems will paint a pretty picture.

 

[Landis82]

Port, how many aliases do you have on ET these days?

Seriously.
You really need some professional help.

 

[thelost]

looks like a good heads and shoulders pattern except the right shoulder is a little shallow.

i'm kind of wary of heads and shoulders though, after the neckline of the bearish h&s in dia and spy daily timeframe was tested and broken yesterday on intc earnings.

are weekly timeframe h&s supposed to be more reliable?

i wish there was a way to backtest heads and shoulders patterns... there probably is but i'm not intelligent enough to code it...