We broke outa the downtrend but todays close locks in a head and shoulders. Will we fall back into trendline to the downside looks likely I expect a retest of support at 392
Back with the second chart. Spy still bouncing within channel and once again at the top of trendline if u count future trading. If it can manage to break over 400 i will consider that bullish and will scrape this chart but so far we been trading inside channel for past six weeks. If it stays in the trend these are my price personal targets. Fomc will decide its fate
hi everyone this is my very first time posting my charts so go easy on me. been follow the trend lines (blue lines) on this past couple weeks and spy has failed to break through top trendline. after looking deep into chart i expect it to test 377 by next friday if not sooner. my personal stop loss is break over trend around 401 if not playing long till reason...