SPY HEAD AND SHOULDERS WEEKLY
Updated
Been bearish on the market since the beginning of the year.
Not sure it slows down here anytime soon.
Could continue to chop but still see downside ahead over next 6 months.
Not sure it slows down here anytime soon.
Could continue to chop but still see downside ahead over next 6 months.
Note
First target hit, though momentum is to downside, I have a bullish outlook from here before we roll over into next breakdown. Staying nimble is key, see 400+ ahead and attempt to get back into 410-420 level over coming weeks.Note
Broke down, back into the same levels here now. More upside possible throughout August, but looks more like another opportunity to be bearish. Opinion is that this is a bear market rally occurring. 420-430 supply zone.
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