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Although the SPX hasn't broken its H&S neckline OIH & XLE may be better leading indicators.

A USDollar bounce will put pressure on commodities & therefore the SPX will be weaker than the Nasdaq. OIH & XLE have already broken necklines on H&S patterns. I think the XLE is particularly vulnerable because its neckline is downward sloping.


Here’s something else you don’t have to worry about on the grid: in reality, you don’t get to pick your parents. You’re pretty much stuck with the genes you have. My mother had curly hair, and she was insulted and beaten for that, too.My mother - my real life, flesh and blood, gave birth to me in the hospital mother - was one of those kids. She has to wear the same outfits to school, and she was insulted and beaten.

Nat Robbins

The measurement on the H&S if it breaks is just down to about 800-820 so it's not the end of the earth!


"... 800-820 so it's not the end of the earth!" is hardly the point.

After three persistent, narrow ranges during the two-month period of May/June an 80-100 pt S&P move (in EITHER direction) is welcome.

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