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Simon1988

Head and shoulders on the SPY hourly

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Simon1988 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Technical Indicators Chart Patterns SPDR S&P 500 ETF (SPY)
13
2
indicator chartpattern spy
Watching the SPY on the hourly and it appears to be in a H&S pattern at the moment.

Bull above 440
Bear below 429

Bull - US10Y goes above the 200 MA, less bond buying and DELTA variant isn't an issue

BEAR: Delta variant, inflation, US10Y drops below 200 MA
Comment:
July 22, 2021 08:30 AM ET (BZ Newswire) -- News
USA Initial Jobless Claims for Jul 16 419.000 thousand vs 350.000 thousand consensus estimate. The prior reading was 360.000 thousand.
Copyright © 2021 Benzinga (BZ Newswire, www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved. Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga Pro (pro.benzinga.com).
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