Spy looks to have made an inverse head and shoulder today on the 15 minute chart. This will most likely result in a strong short bull run, similar to what we had last Friday.
Inverse Head and Shoulders are my favorite indicators for a short bull run.
The price target for the head of this inverse head and shoulders is 452-453.
I wouldn't be surprised if this pushes SPY to fill its previous gap of 459-460.
Don't fight the trend & be careful opening short positions below 450+.
454 might be a good place to open a short position for the end of April as a swing.
There was also a golden cross on the daily - - which is a very bullish indication.
- - - - - - - - - - - - - - - - - - - - -
- dont try to tell the market what to do - let the market tell you instead -
I'm neither a bull or bear, I'm a 🐺
*not financial advice - my idea, would like to create a conversation regarding this idea.
Inverse Head and Shoulders are my favorite indicators for a short bull run.
The price target for the head of this inverse head and shoulders is 452-453.
I wouldn't be surprised if this pushes SPY to fill its previous gap of 459-460.
Don't fight the trend & be careful opening short positions below 450+.
454 might be a good place to open a short position for the end of April as a swing.
There was also a golden cross on the daily - - which is a very bullish indication.
- - - - - - - - - - - - - - - - - - - - -
- dont try to tell the market what to do - let the market tell you instead -
I'm neither a bull or bear, I'm a 🐺
*not financial advice - my idea, would like to create a conversation regarding this idea.