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Monday, April 14, 2014

3 Peaks And Domed House Point Down For The S&P 500 | Investing.com

3 Peaks And Domed House Point Down For The S&P 500 | Investing.com

Let’s return to the chart of the S&P, though, to match it up the aforementioned points just to show how well this seemingly doomsday pattern, and something that makes me uncomfortable for both its message and sensationalism and something that is definitely ironic considering how much of my charting is devoted to bearish charts due to the very highly bearish nature of most charts, fits the last 24 months of highly volatile and directionless trading on the S&P.

For this, let’s look at the larger chart below with Mr. Bulkowski’s rendering below it. 

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