Where Is The Real Right Shoulder?
Not an advice but to share thoughts~
On mid-March I thought, "Oh, I found a head-n-shoulder pattern under daily view (yellow dot lines)" and expected SPY to fall harder. I died like a fool.
Now under weekly view, it seems like there is bigger head-n-shoulder so SPY may get into a chronical problem. Yet, it doesn't seem to reach any important resistance such as the 200 line when I tried to graph it (in orange arrows) around next week and around the next quadruple witching day.
It'll be record breaking if SP500 falls that much next week; actually, SPY has probably broken the April falling record since 2000. There should be a bounce to take a break unless all tech companies are hurting investors' heart and Fed joins to pull the rug faster and harder.
GL to everyone who plays smart under this wipsaw period. Take profit!
On mid-March I thought, "Oh, I found a head-n-shoulder pattern under daily view (yellow dot lines)" and expected SPY to fall harder. I died like a fool.
Now under weekly view, it seems like there is bigger head-n-shoulder so SPY may get into a chronical problem. Yet, it doesn't seem to reach any important resistance such as the 200 line when I tried to graph it (in orange arrows) around next week and around the next quadruple witching day.
It'll be record breaking if SP500 falls that much next week; actually, SPY has probably broken the April falling record since 2000. There should be a bounce to take a break unless all tech companies are hurting investors' heart and Fed joins to pull the rug faster and harder.
GL to everyone who plays smart under this wipsaw period. Take profit!
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