JoelMitchell

spy should break through bull flag

AMEX:SPY   SPDR S&P 500
75 1 0
looks to me that we may have a inverse head and shoulders forming, many sectors want to go higher. looking for bottom at 201.70 for bullish entry.
Comment: changed to short .
i dont believe in this chart much, especially now that i really would like a nice correction to make my positions some money. could this prediction happen ? sure. but it looks unlikely with trend now moving to downside. Shorts the way to go.
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