Large Head & Shoulders

“Patience, persistence, and perspiration make an unbeatable combination for success.” – Napoleon Hill

The wild swings continue on relatively low volume with traders taking this week off for the most part.

There isn’t much to talk about but it does looks like we may get a deeper correction at the moment with a nice head and shoulders pattern on the Nasdaq, but we should get a better read on that judging by Friday’s close.

SPY has to close the week above 241 to stay in its range or risk a drop to 238.