Updated

$SPY possibly H&S forming?

Definitely need confirmation, just something I'm keeping an eye on.

Note

Few days early, back in line.

Note

Moved lower again, looking for CPI numbers 4/12 to move lower.

Still inclined to believe we see new lows for SPX in 2022.

Note

lil bounce from CPI, fading.

So far thesis still in tact.

Note

Looks over, big down IMO coming. No longer updating this idea, shot positions still open.

Note

We can start eyeing yellow lines now.

If Fed really starts QT and doesn't fall back on rates, look out below.

Cobretti84

Disclaimer

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.

Cobretti84