chrism665

SPY Head and Shoulders forming?

AMEX:SPY   SPDR S&P 500 ETF TRUST
Shared this in the Stocks & Indexes chat earlier today, figured I'd make an idea of it.

Painting a bunch of curves, trend lines , etc. last night and I thought, "hmm, I could definitely see a H&S forming if tomorrow (Thursday) doesn't break to a new high".

Obviously there's a lot conjecture here.
Feb 14
Comment: I think this is still a realistic play.
Cleaned up and updated the chart a little bit.

Comments

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