The SP500 broke down from a head and shoulder top. I have an interest in being short this market.
I also have an interest in being long AFL and COST if they break out to the upside.
Any position in stocks will be very small. There just does not seem to be any follow through with US stocks on breakouts. They tend to linger around breakout points and/or do hard retests.
Silver looks set to breakdown from its triangle. I am considering a short position if it does.
The Aussie dollar is forming a small rectangle. I have a desire to be short if it breaks down.
Below is a chart for educational proposes. Orange juice just completed its multiyear rectangle. I rarely trade OJ or multiyear patterns. Just found it interesting.
