starsora04

Potential H&S in SPY

AMEX:SPY   SPDR S&P 500 ETF TRUST
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Looks like the SPY is building a head and shoulder pattern with the neckline at 370-375. The right shoulder is building in progress.

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Looks good, I have been noticing the same. The same things happen to the Nasdaq about a week earlier, if SPY has similar pattern to Nasdaq 100, then I suspect the right should could be much shorter in length. Where do you see first support if it breaks the 372 support?
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Great work!
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