Just broke the neckline of a pretty big head and shoulders.
I'm looking for a retest of broken neckline support to be confirmed as resistance at the first circle.
First target at longer term support, second target at the projection of the head and shoulders.
Wednesday's CPI data may help confirm direction.
We're at the top of a large expanding wedge, could be a reversal pattern for the longer run in itself.
Also nearing very long term resistance on the weekly chart from as far back as 1998, might not be there yet, we'll see.
This smaller wedge at the top here is similar to other peaks with the descending resistance.
I'm starting to add small sell positions, as...
