Classic H&S Pattern Spotted on SPY 4 hr.
www.stewdam.us
Discover more from Stewdamus' Chart Analysis & Trade Alerts
Prophesying the price action of markets one chart at a time.
Continue reading
Classic H&S Pattern Spotted on SPY 4 hr.
#s&p #s&p500 #spy #dxy #dollar #fed #thefed #fomc #jpow #infation #tightening #interestrates
Traders,
In my view, the S&P is due for another 3-4% drop from this area before it finds good support again. This H&S pattern on the 4hr. support my viewpoint along with patterns, data, and additional indicators I have spotted on the dollar chart (DXY), the #vix, treasury yields, and stablecoin dominance charts. The data all correlates. We will go over these items and more in today’s weekly review video coming soon!
Stew
