SPDR S&P 500 ETF TRUST
숏

SPY Bear Case

624
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

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