SPY inverse H & S

Updated

scenario 1: wait for break and close or break, close and retest of 280.5-281 for long position
scenario 2: look for dojis/pinbars at 280 ish for shorts

Note

Could make the argument there is a bearish head and shoulders forming as well. If price fails to break 274.5 we could see 260 again - look for pinbars/dojis

Note

as per my previous update price rejected and closed below 274.5 and as predicted dropped. wasnt able to trade this though.

ycaptain7

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