S&P 500 ETFs Test Support at Pattern ‘Neckline’
August 03, 2011 at 13:47 PM EDT
Stocks’ losing streak has pushed S&P 500 exchange traded funds to their low for the year as they test the neckline of a bearish “head and shoulders” pattern. “That top needs to break down pretty much immediately; otherwise it will likely fail to play out. With the index testing the neckline...