SPY -  double headed head

    Posted by roger on 15th of May 2020 at 03:19 pm

    SPY -  double headed head and shoulder pattern - if so, question is, will it extend Tuesday or gap down

    indicators are overbought already on this bear flag looking advance with negative divergence.      a-b-c ?

    roger are you thinking some

    Posted by imelhoe on 15th of May 2020 at 03:43 pm

    roger are you thinking some spy puts for next week?


    no, taking a wait and

    Posted by roger on 15th of May 2020 at 03:48 pm

    no, taking a wait and see approach prior to a 3 day weekend.  

    there is always the chance

    Posted by roger on 15th of May 2020 at 03:55 pm

    there is always the chance this turkey could tag the upper rail again for a triple top inside the horizontal channel

    Roger - I roger that.

    Posted by ssaffer on 15th of May 2020 at 03:57 pm

    Roger - I roger that.  My spidey sense says they jammed it into the close today, gap down on Monday and then trap Bears to squeeze them up into that upper rail next week. 

    how diabolical of them  -

    Posted by roger on 15th of May 2020 at 03:58 pm

    how diabolical of them  - if so, maybe the VIX will double bottom

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