Get started
jacobosiason7

SPY- Bearish Megaphone - Update

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
jacobosiason7  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators supply_and_demand megaphone Bearish Patterns death_cross head_and_shoulders harmonic_pattern swingtrading hedged fib
6
2
trendanalysis chartpattern indicator supply_and_demand megaphone bearish death_cross head_and_shoulders harmonic_pattern swingtrading hedged fib
Just posting another update here on the SPY- Bearish megaphone is playing out as previously charted. The SPY rejected its 200day SMA the other day and now the 50-day SMA has crossed under the 200-Day SMA (Death Cross). The SPY formed a bearish butterfly harmonic pattern on the Hourly timeframe as well as a big head and shoulders on the weekly timeframe (See Attached Chart Below).
Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime, bearish and hedged- (Previous Charts Attached Below)

-- Weekly Timeframe --
snapshot
-- Hourly Timeframe --
snapshot
-- Previously Charted --
snapshot

Related Ideas

jacobosiason7
SPY- Bearish- Update
jacobosiason7
SPY - Double Top
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.