Spy 7/26 fib H&S
Updated
First off the Choco Taco has been discontinued what is this world coming to. The head and shoulder chart I posted Friday is looking real good. A neckline break at the .28% is what I’m looking for to hit the .50% Retracement. The rally at the end of the day was a bull trap also the daily candle is a inside bar that closed red witch means red days should follow. I’ve been talking about this week for awhile the main thing is don’t fight the trend go with the flow. Wait for pullbacks to get cheap puts don’t go fomo on trades. As always trade what’s in front of you. We trade in possibilities so always keep a tight stop loss no hopepium here it either works or it doesn’t
Note
Also Jim Cramer says: Feds actions could lead to a market rally with big earnings on deck. You know what that means
Note
Correction neckline is the .382 sorry about the typo
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