Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 177.80

-2.6%

Nov 25 3:59 PM EST

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To: Wes Stevens who wrote (19970)	9/2/1999 11:18:00 PM
From: JEB	Read Replies (1) of 56535

SPX has a 5 month Head and Shoulder (H&S) pattern with the neckline around 1280. It also has a H&S pattern on it's right shoulder, with a descending neckline currently around 1300 (Lower low). The VIX still has the reverse H&S (bullish) pattern and the Williams%R looks bullish here. A lot of baggage is being held by this market right now. It's getting awful heavy here. One more rally should do it, if we get that rally. (IMO) Good trading, JEB

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