ScottCarney

Failed Harmonic Pattern Confirmed!

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
This not a Crab and Bfly @ 1618! It is just a weekly 1.618 that is now failing. After 15 months and 2 significant pullbacks, this is officially a harmonic breakout SP500 above 2050! The 2.0 extension @248 is NOW the new target. This is what happens with price action after such a consolidation.

Scott Carney
www.HarmonicTrader.com
Founder
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.