SPY Massive Breakout for SPY last week.
You can see this Head and Shoulders pattern clearly here on the 15 min chart but you can also see it on the 4 hour as well as the daily. now that we have a confirmed breakout here we can measure the PT up to around 489.
Would not be surprised at all if we see a pullback to test the previous resistance before reaching this target.
Market seems to be going real strong. Great price action
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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.