SP 500 chart analysis ;
Top = Daily
Bottom = Hourly
Daily chart means that our long term pattern seems to be intact, ABC pattern ?
Some might also see an inverted head and shoulder pattern ....
Red arrow = current resistance (that can be seen in the hourly chart)
Oil is up, the Euro is back up, all the mess is behind us .... right ?
Wrong ....
Don't believe the HYPE !
Spain, Italy, Cyprus, etc .... are still in deep shit ....
Last time the ECB and the EU "pretended that they will help Greece (after many summits), nothing much happened ....
Stay out, enjoy the looks of wild rides, hypes, and more BS to come .....
Don't let them fool you ......
Its YOUR money .... and time is on your side ...... Patience .....
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