Trading, in general, is a highly technical field that does not only require would-be participants to have some understanding on what a particular trade is or how it works but also in-depth knowledge of what goes within a particular trade. In short, basic knowledge is not as helpful as most think it is. Specialized trading [...]

At Friday’s close, technicians were generally pretty bearish on equity indexes, based on the head and shoulders pattern identified below. (Click images to enlarge.)

Of course, this particular setup hasn’t panned out well so far:

In the jargon, this week’s rally decisively violated the neckline and pushed up to attempt a retest of the right shoulder. I [...]

At Friday’s close, technicians were generally pretty bearish on equity indexes, based on the head and shoulders pattern identified below. (Click images to enlarge.)

Of course, this particular setup hasn’t panned out well so far:

In the jargon, this week’s rally decisively violated the neckline and pushed up to attempt a retest of the right shoulder. I [...]