Simon1988

Head and shoulders on the SPY hourly

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Watching the SPY on the hourly and it appears to be in a H&S pattern at the moment.

Bull above 440
Bear below 429

Bull - US10Y goes above the 200 MA, less bond buying and DELTA variant isn't an issue

BEAR: Delta variant, inflation , US10Y drops below 200 MA
Comment: July 22, 2021 08:30 AM ET (BZ Newswire) -- News
USA Initial Jobless Claims for Jul 16 419.000 thousand vs 350.000 thousand consensus estimate. The prior reading was 360.000 thousand.
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