mastadex

Possible inverse Head-And-Shoulders on SPY

Long
mastadex Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
If we see a strong bounce next week, it could signal that we're in an inverse head-and-shoulders pattern. A likely bottom is forming, good entry point.
Comment:
We just broke the trend on the hourly. Expecting the daily time frame to also show a bullish trend.

I'm still confident that we will see the second part of this head-and-shoulders pattern.
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