HUM Head and Shoulders Reversal Attempt

HUM-Humana Head & Shoulders Revesal Attempt probability of Success coin flip.

ESRX -Express Scripts- Head and Shoulders Reversal Pattern

Express Scripts Daily Head and Shoulders Reversal Pattern is currently underway for a breakdown, note the trape gap that currently active for todays trade which trade late buyers into fridays close. Completion of Pattern i.e. target is at 58.42 with an important support area that needs taken out at 60.08 from March Pivot highs. It's important to note that if 60.28 is pierced and and 60.08 is tagged and reversed and failed Head and Shoulders pattern attempt could be possible. This will give us an objective of 64.00. But for the time being this Head and Shoulders pattern is valid with a decent downside objective.

ES Update 1541.75 Key Pivotal Low

$ES_F 1541.75 Pivotal Key Low, if taken needs 1530 to hold...< 1530 bears will want 1481.75...Bulls need a move > 1551.75 to keep momentum

ZB 30 Year Bond

$ZB_F Still stepping lower after last weeks "False Break N' Shake" of downtrend line. Last month low 142'05 Res.

6E Euro Futures Update

$6E_F H&S targets inside "Key Swing Low" Every rally has been sold as stair step lower continues .382-.50 N Jeopardy

DX Dollar Futures into 161.8 & 78.6

Oil Symmetrical Triangle

Oil futures daily chart is forming a Symmetrical Triangle. On the 3rd test of the trend-line identified "X" is the ideal location to get long instead of buying the breakout. .618 retrace from the November 2012 lows to the January 2013 highs along with a key pivot bar is propping this future to where it could see higher prices next week. I also like how its breaking out of the organized falling trend channel that was established against the Right Shoulder highs made in February. My overall expectation is for the "Neckline" to be tested and for oil to continue higher and targeting those 127.2 extensions. 

Nasdaq Weekly Watching 3133.11 is Key for "Daily"

Nasdaq Weekly

NKE Head and Shoulders Completes Move

30 Year Bond Head and Shoulders

The 30 Year Bond looks very toppy up at these levels. Trendline break/retest 123 trend change, with a larger head and shoulders setting up for a major downside target.

WMT Wal-Mart Head & Shoulders

Google Swing Short Trade

This is a longer term swing short trade IMO Google is testing the neckline of its smaller head and shoulders pattern which in return could be potentially be forming a right shoulder of a larger head and shoulders pattern. I like the Reward to Risk on This Trade.

Humana Head and Shoulders Top

Nasdaq Completes Upside Objective

 After a little under 1 month in time and (21 trading days) later the Nasdaq completes its upside objective today, after breaking out of its slanted inverted head and shoulders pattern that formed from the beginning of November to the end of December last year See Original Post Of Setup. This also coincides with decent resistance ahead (Right Shoulder breakdown from 2011's Head and Shoulders Topping Pattern. With the completion of the pattern and major resistance ahead at the gap, I find it very unlikely that the Nasdaq (though been strong) will continue to march further beyond this resistance zone without a retracment or pullback. Pullbacks are healthy and when we don't get them is when we see serious corrections based on the fear factor. I also spotted a similar setup in the $DJT (Dow Jones Transports) during this same time period which is also getting very close to completing it's upside objective though slowly running out of steam Dow Jones Transports Post. Its Setup was more of a Ascending Triangle coupled with a Inverted Head and Shoulders pattern which has had a fantastic move for all the transpo stocks over the last 2 months $KSU $UNP $FDX $UPS $JBHT etc. To me these (2) Indices which I like to use them as (Indicators) are extremely extended and is away from fair value. Over the next few days or week I greatly believe that these (2) Indices could influence the potential outcome of the $SPX, $SPY, $ES_F, and Dow entering a potential mid-term high. Were already seeing volume divergences on the weekly time frame on the Weekly ES Chart . Though (innocent until proven guilty), if these (2) being the leaders, and dragging up the rest of Indexes starts to pullback or find some resistance, I believe the other indices will do the same. Protect profits, tighten stops.