It's finally here - time to short. $SPX $SPY - Bearish Cypher

Short

SPDR S&P 500 ETF TRUST (AMEX:SPY)

AMEX:SPY SPDR S&P 500 ETF TRUST

trendanalysis harmonicpatterns chartpattern

Bearish cypher fromed, retrace complete to .786 fib, shorts have capitulated, everyone has gone long. Conditions are finally ripe for shorts to prevail after taking a beating since the low. Hang on tight.

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.