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Possible H&S on 15min

SPDR S&P 500 ETF TRUST (BATS:SPY)  
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BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators
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I am out for now. if we reach 502.50 SPY may be making right shoulder.
However, There is that massive gap that needs to be filled so it may be just a quick scalp.
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it broke 502.50
no H&S
next is a gap fill at 505
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with google and microsft surging on earnings, it will be interesting to see what happens tomorrow. On the other hand IBM, Intel and meta pooped, so its a mix bag.
SPY is at 507 resistance in after market.
Kommentera:
most likly SPY will drop to 504 in the morning to close the double gap, but what comes next is a wild guess, do we go ATH?
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