Idea comes from http://emasmarketblog.blogspot.com , only difference I think the target is higher - 31.00 at least.
There are small bullish H&S - in yellow, and there are bigger bearish H&S forming - in green.
SYNA:DJIA is interesting too, this is actualy what made me buy it. Here we see inverted (bullish) H&S formation.
From this chart, there are 2 scenarios.
- DJIA will fall sharply - I have large SDS position (2 x short S&P500)
- SYNA will soar, and I will sell it :-)
- Both 1 and 2
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