Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, September 12, 2013

Head and Shoulders Forming

Stock Market Technical Analysis Blog

click on image to enlarge

In the market today we had a modest down day as the 1688 resistance level held.  Following up from last night's blog, we see that the right shoulder has begun its downward move.  Bernanke & Company were in the market heavy today, fighting it but they are going to have to do better to break this formation from continuing.  We will see.

Trade well my friends


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