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MS - Potential H+S Pattern - XLF looking weak

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Morgan Stanley (NYSE:MS)  
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NYSE:MS   Morgan Stanley
Chart Patterns chartingpattern pattern headandsholder
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chartpattern chartingpattern pattern headandsholder
Potential H+S pattern on Morgan Stanley (MS)

May wish to wait for further confirmation of the breakdown before entering, if you choose to enter now, i would use a close above the right shoulder as an initial exit.

P.S. The H+S pattern i noted on JPM also seems to be developing quite nicely, overall the financial sector (XLF) is one to keep an eye on


-TradingEdge

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JPM - Potential H+S Pattern - One to Keep an eye on
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