Inverted head and shoulders patternI posted the following last...

Inverted head and shoulders pattern

I posted the following last night on the LYC thread. After last nights move on the DOW We now have confirmation of this pattern.

The INDU (DOW) has formed a bullish inverted head & shoulders pattern, this together with the MACD making higher highs when the indices did not is another bullish sign.

Tonights close (futures are up atm) is likely to confirm the markets are going higher and could test late April highs in the near term.


I don't trade indices but do trade and hold shares listed in Australia.