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DanBrooks123

Head and Shoulder Formation on SPY

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
DanBrooks123  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Trend Analysis
9
0
chartpattern trendanalysis
Looking for a Head and Shoulder formation on SPY, we have just seen the break though the short term support level. We would then see the neckline act as resistance before we head lower.
Short term 3.6% drop, then another 10%.
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