ES Head and Shoulder (Failure or Success?)

October 27, 2009 · Posted in Pattern Trade · Comments Off on ES Head and Shoulder (Failure or Success?) 

@S&P Emini Futures (ES) is trading between the GBX Mid and Value Area Low forming a H&S Pattern.
Currently 1066.5 to 1062.75 range….

Potential trade setup could be long above 1067 and Short below 1062.

Long above 1067 may be H&S Failure could rally much higher.
CMI is Green with Market Breadth slightly positive.