We are looking at a potential reversal here on the 
SPY. To the bullish side. Let's break it down from June 22 2022 until now as you can see the chart tried to perform a reverse head and shoulders. But it did not reach its original high due to a trendline. This shows is that there intense selling pressure and the trend line is still valid. After the not-so-good-looking head and shoulders pattern it retraced to a support zone near 372. Then after it did a rising wedge pattern and the buying pressure broke the trend line. Now it seems like it is going to trace back and hopefully bounce off.
SPY. To the bullish side. Let's break it down from June 22 2022 until now as you can see the chart tried to perform a reverse head and shoulders. But it did not reach its original high due to a trendline. This shows is that there intense selling pressure and the trend line is still valid. After the not-so-good-looking head and shoulders pattern it retraced to a support zone near 372. Then after it did a rising wedge pattern and the buying pressure broke the trend line. Now it seems like it is going to trace back and hopefully bounce off. Nota
It seems like we hit the channel and got a brutal bounce back. We were expecting a rejection earlier but we got it a bit after.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.