Dr_Gonzo
Short

S&P 500 / SPY - Retracement areas and short opportunities

AMEX:SPY   SPDR S&P 500 ETF
We're in Gartley territory right now. and struggling to break the 1.27 extension of the A/B leg.
Potential completion of Bearish Bat pattern to form around resistance and 1.414-1.618 extension of A/B if Gartley is invalidated.
RSI wont reach overbought. Look for an exit from 60-65
MACD losing steam.

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