Get started
damoonmotamedi

SPY - Failed Head and Shoulders!

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
damoonmotamedi  
AMEX:SPY   SPDR S&P 500 ETF TRUST
1
0
When CNBC put it out that Head and shoulders is forming on SPY, the pattern was already doomed.
Today we would taken out the right shoulder and make the pattern failed pattern.
Many short will decide to cover as end of the trading day is coming!

Related Ideas

damoonmotamedi
XIV - Short VOL
damoonmotamedi
SPY - Consolidation!
damoonmotamedi
SPY - Cup and Handle
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.