SPY Head & Shoulder pattern suggests a 10% correction
On the daily time frame, head & shoulder pattern has been confirmed a few days ago. The measured move of the head & shoulder pattern is for a 10% correction. The target price will be in the 191/192 area. I discuss the chart in detail in this video on YouTube youtube.com/watch?v=TGq-GOIpAlU
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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.