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TheLongBear

SPY is Forming Inverse Head and Shoulder Pattern !

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
TheLongBear Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) Stocks HEAD
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trendanalysis chartpattern indicator spy stocks head
SPY got rejected at the neckline 281 and currently forming an inverse head and shoulder pattern. Currently, stochastic RSI is in the overbought region. We can expect a pullback to the 270 level and then a reversal from there. Once the neckline is broken upward, we can expect a bull run till the end of December.
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