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Cheesy-Bean_and_Rice-Burrito

SPY HEAD AND SHOULDERS WEEKLY

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Cheesy-Bean_and_Rice-Burrito Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) spyshort spy500 head_and_shoulder headandshouldersformation TOP Bearish Patterns
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trendanalysis chartpattern spy spyshort spy500 head_and_shoulder headandshouldersformation top bearish
Been bearish on the market since the beginning of the year.
Not sure it slows down here anytime soon.
Could continue to chop but still see downside ahead over next 6 months.
Comment:
First target hit, though momentum is to downside, I have a bullish outlook from here before we roll over into next breakdown. Staying nimble is key, see 400+ ahead and attempt to get back into 410-420 level over coming weeks.
Comment:
Broke down, back into the same levels here now. More upside possible throughout August, but looks more like another opportunity to be bearish. Opinion is that this is a bear market rally occurring. 420-430 supply zone.
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