James "Handsome James" Falvo debuts new show FINZ Futures. James gives a simple lesson on the obvious head & shoulders pattern on the S&P 500 daily chart how to strategize for the 880 level the market is approaching. Shoutout to Corey Rosenbloom at AfraidToTrade.com for his recent analysis on the same S&P 500 head and shoulders pattern and the lesson on where a "measured move" could take us if 880 is broken and we head lower. Don't over think the trade. The 880 level is apparent to everyone so simply trade the chart: if you're long be protective. If the market cannot break below 880, then think about going long with 880 level as your low-risk stop & support level.
**Watch for Corey Rosenbloom's TraderChat Interview on FINZ.tv coming in July!**
**Disclaimer: No positions in stocks mentioned as of this video (7.03.09)**
**Charts courtesy of Worden.comâs Chart Services (http://finz.tv/worden): TCnet and FreeStockCharts.com**
