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fingmarkettrader

ESI! Reflection of SPY

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
fingmarkettrader Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Harmonic Patterns Beyond Technical Analysis SPDR S&P 500 ETF (SPY) spyshort Inverted Cup and Handle bearflags4days failedbreakout Bearish Patterns Bearish Flag shortsetup
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trendanalysis harmonicpatterns beyondta spy spyshort invertedcupandhandle bearflags4days failedbreakout bearish bearishflag shortsetup
This is an hourly chart that I Find to be very trendy. The 50% overall angle of attack makes this a measured move and I believe we are forming the head at the moment of a failed cup and handle quite perfectly on a 50 degree angle of attack. The right shoulder should form around 2675 area. Then, continuation of the daily Inverted Cup and Handle.
Comment:
Perfect outcome today bears! Cheers to the Weekend.
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