Hi allThis is my first post on the xjo thread but read it avidly...

Hi all

This is my first post on the xjo thread but read it avidly and I've enjoyed learning from many others that post here regularly. Robbbbbb, Voltaire, 9 lives, Wink and too many others to name.

I'm looking at a chart of the SP500 and I can see an inverse head and shoulders pattern forming from early november till now. Would someone be kind enought to confirm if i am right in saying that if we see a move to about 893 (i have extended a line through its neck, and if we were to break that then we couls have a short term target of 1046?

I'm very new to TA and trying hard to learn the basics

Cheers
Beagle1