Article from 4.19.13 – “Market Correction with Warning Sign“
Article from 4.27.13 – “$IWM Researching 13 Years of H&S Reversal Formations [VIDEO]“
Article from 4.30.13 – “$SPY Trading at a Pivotal Level [VIDEO]“
Entered Bearish Positions @ $93.70
- Running into resistance
- Recent bullish move with steeply declining volume
- Possible H&S right shoulder in formation
That’s What We Call Volume!
Massive selling pressure volume along with possible H&S reversal formation.
Take a look at this video I put up just few days ago. This current H&S reversal formation has 77.77% chance that it is going to lead to a market correction.