Head and Shoulder Top
Possible Head and Shoulder Top in development with SPDR S&P 500 ETF (SPY) on daily chart. We have all the Ingredients for a Head and Shoulders Top; Trend Reversal, Prior Trend, Right Shoulder, Neckline and Head. Now we need to see a retest of the neckline followed be a bounce to make a left shoulder. The reversal measurement if today were to peak near 162, the correction would be 145.
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.