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Ksandvold
May 5, 2020 3:43 AM

#SPY Lower High or H&S Scenarios  Short

SPDR S&P 500 ETF TRUSTArca

Description

Short term bullish to either form a daily higher low at the 286 gap, or .618 retest. A head & shoulders pattern is another scenario to keep an eye out for. Once a continuation of the down trend is confirmed, I will be taking profit at 273 and 263 respectfully.

Trade active

Timeline maybe be slightly stretched out but this chart is very much still in play.
Comments
Rgenz10
GLAD I MADE YOU CHANGE YOUR ANALYSIS, THOUGHT WE WERE GONNA SEE 3175 AGAIN ACCORDING TO YOU???
Daily candle high at 298.84 marking a gap, and 100, and 200 day simple moving averages right there.
SEE YOU DOWN BELOW, SQQQ AND TVIX!
Ksandvold
@Rgenz10, You didn't make me change anything. I just print what the charts are tell me. If you don't like my ideas, i couldn't care less
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