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ricemarine

Play for bears to hit 430?

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ricemarine Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Harmonic Patterns Technical Indicators Chart Patterns
6
1
harmonicpatterns indicator chartpattern
Signs:
  • Divergence on Stochastic, MFI, and RSI on Daily
  • Potential bullish bat pattern going from C to D. Points to $430
  • 200 SMA on daily is ~$430

The catalyst could be the FOMC on Tuesday/Wednesday.
Comment:
Bat invalidated. Transformed into a cypher. Potential Reverse Zone is between 420 and 430.
Comment:
In PRZ. didn't expect it to reach so quickly.
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