H&S Formed on SPY 60 minute chart

22 בנוב׳ 2018

Lots of bearish signals appearing on all timeframes for SPY. Tech still weak and selling off. Market action is still weak (all pops get immediately sold off). We keep testing crucial 262 support. Look for a break under 260 for a capitulation event down to 250 area. This is when we will see the bullish reversal.