SPY week of 2/7 potential inverse head and shoulders
potential inverse head and shoulders developed on the 30 minute. if the lower support line holds near 445. we could see a test of resistance near 451/452 (daily 20 ema) before we retest that resistance line we failed to test.
zoomed out there is also another zoomed out potential inverse head and shoulders im seeing too. that one would play the same. bounce near 458 with rejection followed by test of support at 436 area with ultimate retest of 420 or lower…
alot of potential plays for monday unfortunately. like i said earlier this week. now is not a time to go long and hold over night. especially where we are how. we are just in too much of a limbo. take it day by day. and always secure those profits.
(Sorry for low quality/ shitty drawing still recovering from covid which has unfortunately given me the shakes).
Submitted February 05, 2022 at 12:16AM by DaddyDersch
via reddit https://ift.tt/76Cm0O4