AMEX:SPY
SPY is at a pivotal point.
Right underneath the upper parallel of this confirmed Pitchfork . (Purple)
This idea is conditional, only if price cannot manage to break out of the Primary Pitchfork .
IF..... If SPY can't break above the (Purple) Larger Primary Pitchfork , it's likely to head back down to the Median Line .
The (Yellow) Minor Fork shows the potential path.
The expected Target is at the Energy Point, $328.
Note: Watch for a decline that stops short of the Median Line . This could very well mark the bottom, and become the catalyst for a big rally. (Hagopian Gap)
Fat_Fat
SPY is at a pivotal point.
Right underneath the upper parallel of this confirmed Pitchfork . (Purple)
This idea is conditional, only if price cannot manage to break out of the Primary Pitchfork .
IF..... If SPY can't break above the (Purple) Larger Primary Pitchfork , it's likely to head back down to the Median Line .
The (Yellow) Minor Fork shows the potential path.
The expected Target is at the Energy Point, $328.
Note: Watch for a decline that stops short of the Median Line . This could very well mark the bottom, and become the catalyst for a big rally. (Hagopian Gap)
Fat_Fat
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.