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alcsoft79

SPY reached key level

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
alcsoft79  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Harmonic Patterns Chart Patterns SPDR S&P 500 ETF (SPY)
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trendanalysis harmonicpatterns chartpattern spy
On Weekly time frame. IF this week or next week SPY closes under this key level, it will be creating double top. That's mean it will drop to 390. However it is consolidating in the reversal area of Harmonic shark. This week and next week is so critical to the market to decide who will win BULLs or BEARs!
STOCH is in the OVERSOLD area, it may indicate the end of pullback
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