H&S Pattern under development can take small short position with tight stop above head. Add to your position once market brakes the neckline.
1st Target : 1175 till 1st Aug 2016 2nd Target : 1100
Note: 2 Big events underway: 1) FOMC on 15th June. 2) Brexit vote on 23rd June and results on 24th June. Both events are big enough to make a large moves in either direction. i will go for the short side with stop at 1325 for my initial small position at 1270.
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