upslidedown

SPY close analysis, 3/27/2023 -- Inverse head and shoulders?

AMEX:SPY   SPDR S&P 500 ETF TRUST
Choppiness prevails. This is a premium sellers dream and a nightmare for swings.

Looks to me like the low is in for the short term cycle. Price never dipped low enough into the diag demand zone I projected on the 23rd for the bullseye target
Price seems to have found some support off the indecision zone today. I'm neutral-to-bullish until we lose 394.5.

In the *what if* crystal ball projections spirit, I propose a potential inverse head and shoulders, taking price into the >420 zone depending on completion date. Now THAT would be interesting.

❤️ Pro indicators whop.com/upslidedown/
💎 Chat with me about indicators and strategies: discord.gg/Psf9PV6Urf
💎 Get my %R Trend Exhaustion indicator: bit.ly/prte
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.