This SPY Daily Chart (Proper name SPDR S&P 500 ETF) is complimentary to a Weekly Chart I'll be publishing in a few minutes. I've always annotated on this chart, and only use ES as a reference.
I'm a big fan of Inverse Head and Shoulders reversal patterns - these I H&Ss (plural) form the core of this analysis.
On the Daily, note the Megaphone Pattern forming (black lines) - a Bullish Pattern - when there is a break out. I believe the Fibonacci ratios in Orange color - are currently more predominate than this Megaphone - for now (I believe the Fibs .382 and .5 are complimentary to juke an early Megaphone breakout).
I myself have had my ass kicked no matter what I do, the past 11 weeks, BUT, have positioned in for a 'hoped for' Bear Rally - however, I believe this rally will be short lived, and am presenting it on the Daily. Target 417 - of course, I always adjust as things play out and the human intelligence and chatter increase, and only sell in traches.
From here, please check out my SPY Weekly analysis.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.