News, analysis and personal reflections on the markets & the financial sector

Tuesday, August 2, 2011

S&P 500 head & shoulders pattern developing?

The S&P 500 turned negative for the year Tuesday as the wrangling over the U.S. debt ceiling faded and investors turned their attention to the stalling economy. Looks like the S&P 500 maybe heading for more losses in the coming days.

Here's an 18-month S&P 500 chart (weekly)

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