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It's Gonna Get Rowdy |
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By Abdel Ibrahim
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July 26, 2011
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Taking a look at the S&P market, we can see the emergence of a head and shoulders pattern on the weekly chart. Over the next week or two, this pattern should completing, either we will break out above our highs, nullifying the shoulder or the pattern will complete and this market will begin to move downwards.
For more from Abdel including access to Ratio Trading’s video library, visit RatioTrading.com.
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Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.