The markets screamed higher today following some bullish words from CitiGroup and the likelihood that the uptick rule would be back in place within a month. This market was long overdue for a rally, yet many thought it was long overdue weeks ago. The big question was, how did the charts tell us this was coming with such accuracy. Yesterday, in the
Intra Day Stock Chat and in the
Research Center video we highlighted some interesting chart patterns that had developed. These chart patterns are some of the keys that each
elite trader/investor must learn and use.
The first chart that signed a major move coming as early as today was the Inverse Head and Shoulder Pattern on the SPY daily. A break of that neckline would send this market screaming higher....
See the charts and read the rest of the article at the link below:
http://www.inthemoneystocks.com/n_article_archive_single.php?id=17
