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ycaptain7

SPY inverse H & S

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ycaptain7 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
scenario 1: wait for break and close or break, close and retest of 280.5-281 for long position
scenario 2: look for dojis/pinbars at 280 ish for shorts
Comment:
Could make the argument there is a bearish head and shoulders forming as well. If price fails to break 274.5 we could see 260 again - look for pinbars/dojis
Comment:
as per my previous update price rejected and closed below 274.5 and as predicted dropped. wasnt able to trade this though.
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