Monday, November 7, 2011

SPX-ghet-it - 7 November 2011

A very short note...

Since a couple of weeks ago, I had been highlighting that while the media and the rest of the world are keeping their eyes on Greece, the next one up would be Italy...

Today's headlines before market opens reads:
US concerns turn to Italy

Interestingly, of you look at the SPX or /ES 30 mins charts over the past 10 days, there is a head and shoulders pattern about to complete and it is just over the right shoulder just now... Deja vu to July 27 2011 on the daily ES chart!

While the market will be volatile, this is just the beginning... More to come!

The MadScientist
7 November 2011

Note: Any material posted here is of my personal opinion, and my opinion may differ or change without notice. These do NOT constitute a solicitation nor financial advice, and readers agree that these materials presented here are intended for educational purposes only. For any investment(s) and related decisions or actions pertaining to investments, always consult your own financial advisors, brokers, etc.

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