Comments on: WBA Head & Shoulders Topping Pattern + Short Trade Setup https://rightsideofthechart.com/wba-head-shoulders-topping-pattern-short-trade-setup/ Stock Trading, Investing & Market Analysis Mon, 25 Apr 2016 19:12:08 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: HiddenPivots https://rightsideofthechart.com/wba-head-shoulders-topping-pattern-short-trade-setup/#comment-651 Thu, 12 Nov 2015 15:06:14 +0000 http://rightsideofthechart.com/?p=168859#comment-651 In reply to HiddenPivots.

Yes Randy, that seem to agree with my belief and chart work.. The 182.40 is a non-confirmed H-Pivot and it WILL be revisited thus why I’m in LT SPY puts to give this gyrations time to play out and it appears that we have begun… Thanks!

]]> By: rsotc https://rightsideofthechart.com/wba-head-shoulders-topping-pattern-short-trade-setup/#comment-650 Thu, 12 Nov 2015 14:57:05 +0000 http://rightsideofthechart.com/?p=168859#comment-650 In reply to HiddenPivots.

IF (and that’s a big IF) my current belief that the rally off the Aug lows was just a counter-trend rally in a new bear market is correct AND last weeks highs marked the end of that bounce, then my best guess would be that the SPY will see 182 within the next 4 to 6 weeks (mid to end of Dec).
I know that sounds aggressive as it would represent about a 12% plunge in the markets but again, if those conditionals above prove true, then a very swift move back down towards at least the Aug lows would be my expectation. Still some work to be done to firm up that case but you asked for my opinion & that’s my best guess as of now.

]]> By: HiddenPivots https://rightsideofthechart.com/wba-head-shoulders-topping-pattern-short-trade-setup/#comment-649 Thu, 12 Nov 2015 14:49:52 +0000 http://rightsideofthechart.com/?p=168859#comment-649 In reply to rsotc.

Randy, based on your chart work, what price probability target do see SPY by Jan 2016?

]]> By: rsotc https://rightsideofthechart.com/wba-head-shoulders-topping-pattern-short-trade-setup/#comment-648 Thu, 12 Nov 2015 14:30:17 +0000 http://rightsideofthechart.com/?p=168859#comment-648 CVS is a closely related stock to WBA which will also likely be added as a short trade idea. In fact, I looked at the entire sector (health care plans) & see quite a few bearish setups so there may be several more official as well as unofficial trade ideas from that sector posted here soon.

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