KevinT
Short

Bearish bias

BATS:SPY   SPDR S&P 500 ETF
235 3 1
-Candle formations are suggesting downward pressure
-Indicators are getting fatigue
-Price can rebounded under 5,10 and 20 MA
Ping ping :)
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Today the SPX cash hold the 1700 area, i believe we are seeing a H&S formation. If go more than 1700 the H&S in invalid. The SPX need to go down and test the MA200 and then go up again for a final top of this long long bull market.
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KevinT PeterT
Here is an alternative view. The SHS in making is better visible here. Breaking the blue trend line is of importance.

snapshot
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