my chart analysis

Hey guys,

With a pretty quite weekend I decided too draw up a chart with a forecast too where I think the sp will go in the next 6 or so months..

Ceb2, and other charters more than happy to get your feedback on my interpretation on this..

Ok as you can see below I have drawn a number of trend lines on the sp during the last 12 months..

You can see the Bullish trend from Oct through too March
Interesting too note the sp went through sideways or consolidation before its break out, very same pattern occuring now which leads me to believe along with good announcements another break out is on the cards.

Circle indicates channel and sp has been churning away for the last month.

Overall chart during past 12 months looks like a typical head & shoulders pattern.

Its very important too note support at 1.6 has held up well..

More times than not we a sp goes through a period of consolidation can signal a new beginning of an uptrend according to other chart analyst's I've been watching on you tube....

With POG looking like possibly breaking through $2000, I think next few months is going to be exciting...