C Fund - What happens next week?

[SgtWs]

I have received several questions about this. Overall I think we are approaching the top of this range (see chart below). We will either breakout out of this range, or slide back down it. I can’t say for sure what will happen, but I would watch to see what happens when reach the top of the range as the C Fund will surely encounter some resistance. I think we need a catalyst to breakout out of the range, and I don’t see one just yet.

But for sure, I can’t say what will happen. All we can do is watch the price action and see. Who knows? See the chart……..

[jeffvan1]

A right neckline is developing on a six month inverse S&P head and shoulders pattern. S&P 1127 confirms a bull mkt with upside to 1250.

[bigredned]

I love reading your analysis, Rodney. Being a person who knew absolutely nothing about the stock market a month ago (and not much more than that now), it kinda makes me feel smart now to at least know how to read a chart. LOL

I will certainly be watching Mr. C-Fund very closely.

@jeffvan1: In regards to S&P 1127, this is also the peak of the range that Rodney is referring to, correct?

[SgtWs]

Jeffvan1 is right too........I will try to post a picture of the inverse head and shoulders pattern Jeffvan1 is talking about later. I've gotta run to my son's football game!

That will clear up your question to Jeffvan1.

[bigredned]

Jeffvan1 is right too........I will try to post a picture of the inverse head and shoulders pattern Jeffvan1 is talking about later. I've gotta run to my son's football game!

That will clear up your question to Jeffvan1.

Oh, football! Lovely! Hit hard and hit low.

[jeffvan1]

a picture is worth a thousand words....

head and shoulders inverse.jpg