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WearTheFoxHat
Sep 6, 2013 4:44 AM

Head and Shoulders SPY Short

SPDR S&P 500 ETF TRUSTArca

Description

I saw this earlier this morning, didn't have time to analyze...

So everything about this screams head and shoulders top. Did you notice today's pathetic volume? Or the 10yr?
RSI, Volume, and the Ultimate Oscillator are diverging from price movement.

I think tomorrow's action is pretty critical. Do we break the neckline? We shall see. Failure to do so confirms the H/S I believe.
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