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Inverse-Head-and-Shoulder Formation

Bullish inverse-H&S formation is now seen in major indexes. While there are many estimates of where the markets may bottom, it is good that the mid-June lows have held so far.
https://stockcharts.com/h-perf/ui?s=$SPX&compare=$COMPQ,$INDU,$TRAN,IWM&id=p72077185553

Comments

  • Bullish inverse-H&S formation is now seen in major indexes. While there are many estimates of where the markets may bottom, it is good that the mid-June lows have held so far.
    https://stockcharts.com/h-perf/ui?s=$SPX&compare=$COMPQ,$INDU,$TRAN,IWM&id=p72077185553

    And even better the junk bond market has had several days this month of positive divergences with not only stocks but also Treasuries. A first in 2022.

  • edited July 2022
    Bottom formations consolidation since 6.17
    Qqq small caps iwm bottomed first...hope sp500 bottom soon usually 4 8 wks after

    USD
    UST10 YR 2YR downtrends maybe very good for stocks

    SLOW Moon from here hopefully lol

    All in vegasss


    Hopefully in 4 wks prob will not beg boss for more OT TRIPLE SHIFTS work covering stocks trading loss

    Today
    +7k tradings 3 hrs bull market

    -40k 3 hrs in bear 2 months ago

    Every one happy today
  • edited July 2022
    Looking to lighten up a bit on risk today, but can’t find anything any risk segment that hasn’t been absolutely crushed this year - especially the miners. Also non-dollar denominated assets. (Well, energy is one exception.) Hanging on for the ride …:)

    Tech analysis may be helpful as an indicator of investor sentiment, changes in market direction, momentum, etc. Thanks @yogibearbull for this thread.
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