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SPDR S&P 500 ETF TRUSTDiupdate

$SPY possibly H&S forming?

Definitely need confirmation, just something I'm keeping an eye on.
Catatan
Few days early, back in line.
Catatan
Moved lower again, looking for CPI numbers 4/12 to move lower.

Still inclined to believe we see new lows for SPX in 2022.
Catatan
lil bounce from CPI, fading.

So far thesis still in tact.
Catatan
Looks over, big down IMO coming. No longer updating this idea, shot positions still open.
Catatan
We can start eyeing yellow lines now.

If Fed really starts QT and doesn't fall back on rates, look out below.
Cobretti84
Technical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) spyshort
Cobretti84

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