Bitcoin_Altcoin

Inverse head and shoulder on hourly SPY

Long
FX:SPX500   S&P 500 Index
It looks like we have an inverse head and shoulders on the hourly chart for SPY. Ideally we would need to see more volume to confirm. The price already broke through the neckline and old resistance at 1945. Target is 1975-2000 range as that would be around the same percentage as the head and is a spot where we have seen previous resistance.

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