Classic Head And Shoulders
Aug 18th, 2011 | By William Boyett | Category: Chart Reading, Market ReportThe S&P recently displayed a classic Head and Shoulder pattern that we can use to determine a bottom to the markets recent decline.
In the graph below you’ll notice the head and shoulder with a neckline (support level of the two shoulders) at 1250 on the S&P. Once the S&P crashes through the neckline, then the [...]


