This is in fact scary. Not so much because Google reported 20% higher AdClick growth or that Citigroup reported only $5.1 billion loss, but the damn chart is displaying an inverted head & shoulders.
Whether that IHS will be broken remains to be seen, the market will most likely go overboard and test 1400 in the meantime. If it shows any weakness at that point, I will definitely whip out my short order.
Just like I posted earlier the 139-140 area is critical right now basis SPY. Tons of resistance and the EMA200 lurking overhead. Who will win the battle....da bulls or da bears? Either way I'll be ready :)
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