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S&P 500 Bullish?

Posted by dann
August 23, 2006 at 1:42 am

***Written By: Dann Mcnulty Stock Forum ID: WallStGolfer31*** 

Is the S&P ready to rally?  In my last post I took a more neutral view, just pointing out the support and resistance, but it seems the S&P 500 has created an inverse head and shoulders patterns and has not only broken, but tested the neckline!  You technicians should be very bullish from this news!

 

 Here’s a link to the anotated chart.

 http://img177.imageshack.us/img177/407/sphsaug22ndyw1.gif

 

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