The S&P 500 Just Flashed A Significant Signal
No one can say with 100% certainty that the S&P 500 (NYSEARCA:SPY) is about to crash but, technically speaking, the S&P 500 just flashed a significant signal and isn’t a good one. Those of you who follow my index coverage or read the Weekly Preview know I have been targeting the end of October/early portion of November as the next time to expect an excellent signal but I was wrong. That signal came last week, over the last two weeks actually, when the S&P 500 confirmed resistance at the 4,100-4,300 range. This range is coincident with the neckline of a Head & Shoulders Reversal Pattern and the...