Chart Spotlight.....S&P Buy Signal

The S&P appears to have possibly completed an inverted head and shoulders yesterday afternoon (See Chart). This is often a good entry point for a multi-week move. The signal was confirmed by other proprietary indicators and sectors, especially tech. Stops should be placed at Tuesday’s low (1432) or the low on 8/16 (1370). This could be a huge run that obviously started today and could continue to the end of the week. It just could leave those that went on vacation last week scratching their heads.