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S&P 500's Head and Shoulders pattern point to further weakness

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    It has been an ugly day for stock market bulls and things get even worse if the major indices fail to hold their technically-important levels that are being tested as I go to press. The falling commodity prices have finally taken their toll on the markets today, with concerns over an imminent rate hike from the Federal Reserve also unnerving some people. Recent macroeconomic pointers from China, including Wednesday’s factory output data, which showed activity slowed to a seven month low of

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