TheLongBear

SPY is Forming Inverse Head and Shoulder Pattern !

TheLongBear 已更新   
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY got rejected at the neckline 281 and currently forming an inverse head and shoulder pattern. Currently, stochastic RSI is in the overbought region. We can expect a pullback to the 270 level and then a reversal from there. Once the neckline is broken upward, we can expect a bull run till the end of December.
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