An inverted H&S that if confirmed would be give a price target just above 197 is worth watching. Also we have a gap below 197 that would be filled with this move. And finally 197.10 are is a 50% retrace of the recent down move from the ATH's. This area also represent the price range in which price broke down from for the move Wed/Thu. If SPY reaches this area i would expect some resistance around 197.
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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.