$SPY Successful Retest?
Updated
A few weeks ago I published the 
SPX chart looking for a breakout of the down sloping trendline and it broke thru. However, it had a tough time at the more traditional Neckline on this head and shoulders pattern. Looks like we may have a successful retest and bounce from the prior resistance downtrend line now maybe support on the same line. I am openminded about any move from here but I do lean bullish. There is still resistance we need to get thru overhead around 411 to 420 area maybe even as high as 432. Just thought I’d update my idea, see link below. Ideas, not investing / trading advice.
SPX chart looking for a breakout of the down sloping trendline and it broke thru. However, it had a tough time at the more traditional Neckline on this head and shoulders pattern. Looks like we may have a successful retest and bounce from the prior resistance downtrend line now maybe support on the same line. I am openminded about any move from here but I do lean bullish. There is still resistance we need to get thru overhead around 411 to 420 area maybe even as high as 432. Just thought I’d update my idea, see link below. Ideas, not investing / trading advice.Note
On the daily timeframe we have run right up to resistance area and pulled back intraday. Market Breadth Negative today. Keeping an open mind about this market moving in either direction.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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