Possible inverse Head-And-Shoulders on SPY
If we see a strong bounce next week, it could signal that we're in an inverse head-and-shoulders pattern. A likely bottom is forming, good entry point.
Note
We just broke the trend on the hourly. Expecting the daily time frame to also show a bullish trend. I'm still confident that we will see the second part of this head-and-shoulders pattern.
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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.