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....
InTheMoneyStocks.com looks at the amazing inverse Head and Shoulder pattern that dictated a monster reversal in the markets. They look at the surprise announcement from MSFT on earnings as well as the jobless claims that caused the sell off then the technical pattern recognition that allowed their traders in their Intra Day Stock Chat to catch the move up. They analyze price, pattern and time giving their members the most accurate technical analysis and market analysis without the Wall Street hype. Enjoy and come join the Research Center @ www.InTheMoneyStocks.com to get all their videos, calls and so much more. Also, join their new Video Chat Room for intra day analysis as you can view a live traders charts as they discuss support/resistance and play by play of the market.
