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Trade_Integrity

SPY Head and Shoulders

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Trade_Integrity  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators Bearish Patterns S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) recession
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trendanalysis chartpattern indicator bearish spx500 spy recession
SPY reached the resistance level and top of the left shoulder in a head and shoulders pattern (286.69).
Also coinciding with this on the weekly candle the stochastics have signalled sell.
Been waiting for this signal, bought 287 puts this morning when the price was at 287.07.
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