By: Scott Redler of T3Live
Back in December when I gave my targets for the S&P of 1410-1430 I wasn’t sure how it would develop. I always like to go over past and present patterns of the S&P. I talked yesterday how I see the advance signs of a Inverted Head and Shoulders Pattern that could take us to my target of 1410-1430.
We’ve been trading the momentum names- the leaders and the fastest movers. But it’s always good to have a road map and a plan for the indices too. Then you wait for the market to Confirm that plan and trade it accordingly. Along the way we will continue to watch for rotation to stay ahead of the game.
