Trading plan for a broadening top pattern or the megaphone pattern. Compare the high starting the first move down to the high at point 2. It is a higher high, then we go to the next high point 4 and see that it is even higher. The S&P500 emini futures is playing into a technical…
New York – Head and Shoulders pattern emerging in the Dow Jones Transports Watching as the light volume on the buyer side with the increasing volume on the sellers side is creating a head and shoulders on the Dow Jones Transports. For many the Dow Jones Transports are considered the leader for the S&P500 and…
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