$SPX $SPY - BEAR

Jun 1, 2019

- LOL not perfect but I'm suggesting a potential H&S =)


As always - hit me!

• Price Trend - Upward leading to the pattern
  
• Shape - Looks like a head perched atop two shoulders. A 3-peak pattern with the middle peak above the others. The pattern should look like a person’s head and shoulders, proportional, and not lopsided.
  
• Symmetry - The two shoulders should peak near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow peaks).
  
• Volume - Highest on the left shoulder followed by the head. Trends downward 61% of the time. (Fails this I know)
  

***Velocity - A high velocity rise leading to the pattern often results in a larger decline post breakout. ***

Jun 1, 2019

Note

It's an art not a science ;)