Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 692.73

+0.5%

Jan 26 4:00 PM EST

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Hank Scorpio

To: Hank Scorpio who wrote (208495)	3/8/2025 6:40:25 AM
From: GROUND ZERO™	1 Recommendation of 222440

That HS pattern breaking down lower seems less likely... We also have a clear upside breakout pattern in that chart which shows the price coming back to test that breakout level and may well be ready to resume higher... That upside breakout pattern includes that HS pattern and it also seems to be more dominant than the HS pattern alone by itself... Also, there are other charts which support the upside breakout scenario... We can see many outside key reversal days in so many of the other charts as of yesterday's close... Here in the second chart below we can see an outside key reversal which is so typically bullish... If you look at all the previous outside key reversal days in that same SOXX chart below you'll notice that each and every previous one has a follow through in that prescribed direction... We'll see, but I have to suspect we should rally on this current daily pattern and the rally could be sustained based on the weekly upside breakout pattern... But, we'll see what the market itself wants to do... The daily SOXX GZ

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