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Jrussell86
Feb 24, 2021 5:13 PM

Inverse H&S Long

SPDR S&P 500 ETF TRUSTArca

Description

Measured move, w/ confirmation takes SPY to 397. Volume profile looks great.
Comments
ssyxworld
I am and have been bearish for the last month. I have reversed my position at least 20 times. Why do you think this is running up? In your own opinion?
Jrussell86
@ssyxworld, Fundamentally I'm not sure, maybe a change in sentiment from JP testimony. From a technical perspective it hit a key Fib retracement which I only attribute to supply and demand functions.
ssyxworld
@Jrussell86, Thanks for your input, much appreciated
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