Pivot high
Chart: SPY daily and 15 mins
Following a slate of earnings news since Tuesday's close, the stock market had a lackluster showing today. Major indices were confined to narrow trading ranges, registering only modest gains or losses throughout the session. The sideways price action was a reflection of a wait-and-see mindset ahead of earnings reports from most mega cap stocks next week.
From tech side of analysis, I think since last daily resistance 416ish could not been break. And on 15 mins basis, it's a head and shoulders pattern. In today's pre-market trading all US indexes are on a downturn, if today breakdown yesterday's low then its a comfirm for pivot high.
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