Heads and shoulders–upside down, or Kilroys

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=7&dy=0&id=p10149991945&a=259588108 Recently analysts have been talking about a head-and-shoulders pattern in the SPX.  We can't see a H&S but we see a Kilroy, or reverse head-and-shoulders which we have marked…

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Where from here…

To measure or not to measure, that is the question as Shakespeare said in Measure for Measure. Everyone knows how much we hate to measure formations.  Few know the reason. …

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