Intra-day: June 17, 2011

9:35 PDT

Watching the 5-minute on SPX.  If this little correction bounces here at 1269-1271.50, we’ll complete an inverted H&S; pattern and a bullish 5-0 pattern that could send SPX to 1300+.

Also, keep an eye on VIX.  It’s possibly forming a H&S; pattern that could send it to 17.30.

Comments are closed.