RizeSenpai

Daily Head and Shoulders Pattern on the $SPY

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
We have some Bearish Divergence on the RSI along with what appears to be a Left Shoulder, a Head, and A Potential Right Shoulder if things go as expected we will see at least a 5 percentage move to the downside; though i have reason to believe it can go much lower than that in the long run; today's post will just be focused on the targets of the local bearish pattern presented in front of us on this chart.

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