SPDR S&P 500 ETF TRUST

SPY close analysis 5/11/2023

56
Quick update on my medium term chart. We have been stuck in this 405-415 range for what feels like ages... 1+ months. At this point all I want is a break of that zone as the "in between" feels like a "lose all your money zone." Pocket support continues to hold, so buyers are favored. I believed for a long time in the 420+ case with that H&S pattern but less so now. Just waiting to see something and right now I'm not confident on anything in this chart. Will update more frequently again when I do see something.

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