‘RSP’ Archive

500 index continues to create space above resistance-

04/29/2011, filed under RSP, S&P 500; Comments Off.

Earlier in the week the “Power of the Pattern” was suggesting that investors should be prepared for a breakout at (1)  (see post here) CLICK ON CHART TO ENLARGE So far the daily and weekly chart price action is quality at (2), per pushing above resistance.  The action at (1) does increase the odds that [...]

Multiple “Head & Shoulders” at hand?

04/27/2011, filed under EAFA, RSP, S&P 500; Comments Off.

  CLICK ON CHART TO ENLARGE Europe and the U.S. may be miles apart, yet these patterns of the EAFE & 500 index look very much the same!  Potential neckline breakout of an “inverse Bullish Head & Shoulders” pattern could be at hand!  How these two handle line (1) over the next week or so [...]