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S&P 500 analysis

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance Trend Lines Head and Shoulders
2
0
supportandresistance trendline headandshoulders
Significant price point
287.66
Market indicated a "too far, too fast" signal yesterday.
A market that is still strong will bounce back
A market that's vulnerable for a downturn will show it's hand by
closing below and staying below 287.66
Thanks and please Like and Follow if this idea is helpful!
Comment:
Day after announcing "battle line" at 287.66: SPY closed at 287.82 (line held)
2 Days after post: Close 287.82 (line held)
3 Days after post: Close 287.44 (battle line lost)
4 Days after post: Dow drops 400
Comment:
correction, 4 Days after post: Dow drops 831
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