Inverted Head and Shoulders Short Term Charts

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December 7, 2008

Short term charts show inverted head and shoulder patterns. I had these setup for Friday, but just getting to posting them now. These are 30 minute charts, which is a short timeframe and in the grand scheme of things does not change the overall bear market. The only bullish item it does suggest is that if price breaks the neckline then there should be continuation in the short term maybe 1-4 weeks.


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  • http://www.stockrake.com StockRake

    SPX levels:
    upper:
    909.82
    1003.35
    lower:
    870.74, 873.29
    850.75, 857.39, 851.81, 848.81

    RUT's
    441.82
    451.3
    452.8
    453.76
    456.62
    482.55
    491.23

  • netbacker

    I have been following your posts for a while. Thanks for the education about reading charts.
    Had a quick question on these Quote Trackers charts, I was recently introduced to them. Looks like you are using paint bars, can you share what kind of paint bars and indicators you are using on these charts?
    Thanks in advance

  • netbacker

    I have been following your posts for a while. Thanks for the education about reading charts.
    Had a quick question on these Quote Trackers charts, I was recently introduced to them. Looks like you are using paint bars, can you share what kind of paint bars and indicators you are using on these charts?
    Thanks in advance