Tuesday, May 29, 2012

H&S Being Re-tested... Get Ready!

It's perfectly normal for a H&S neckline to be re-tested soon after it has been broken.  Speaking of broken necks, JPM could use a few of those but I digress...

Here's what's happening I think:

Click here for a live and updating chart that also shows the S&P and NDX:

On a different note... it also looks to me like AAPL is all primed for a pretty serious plunge. I'd be surprised if there aren't some serious sparks after hours and all through the futures session.  Not TLT, nor $TNX nor currencies are supporting this goofy ramp job... not one one 'em.  It's a bull trap if I've ever seen one.


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