I commence with my gratitude to The All-Knower
Markets have broken the neckline of H&S pattern. When successfully followed, the pattern reveals that profit target would be at least testing of the March 2011 low levels.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
I would tend to agree with your target of lows set earlier this year. Although we might see some minor bounces before we get to that point. IMHO, this is also confirmed by the weekly SPX chart (50 EMA) to see where the support comes in.
Thanks for your blog! Being a serious student TA, I find your blog very interesting and educational!
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