It appears 
SPY might form a reverse-head-and-shoulders pattern by dropping down to resistance at 208.40, to which it bounces back up and breaks upwards resistance at about 211. The contrarian idea is that almost one year ago we saw a reverse-head-and-shoulders pattern that didn't break resistance and shortly collapsed. I'm leaning LONG because it appears that over the previous year, highs were trending lower and now they appear to be trending higher, having already broken through the slight downtrending upper resistance line.
SPY might form a reverse-head-and-shoulders pattern by dropping down to resistance at 208.40, to which it bounces back up and breaks upwards resistance at about 211. The contrarian idea is that almost one year ago we saw a reverse-head-and-shoulders pattern that didn't break resistance and shortly collapsed. I'm leaning LONG because it appears that over the previous year, highs were trending lower and now they appear to be trending higher, having already broken through the slight downtrending upper resistance line. 
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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.