BEARISH SPY H&S
On the 1 min chart there is a gap from 9/27/24 at the 572.99 level show at 11:48am.
If you zoom out on a weekly it looks like a head and shoulders pattern is forming. Ideally I would like to wait for the gap fill to happen next week and enter into SPY 573 PUTS 3 weeks out.
Oct tends to be a bearish month.
LEts see how this works out.
If you zoom out on a weekly it looks like a head and shoulders pattern is forming. Ideally I would like to wait for the gap fill to happen next week and enter into SPY 573 PUTS 3 weeks out.
Oct tends to be a bearish month.
LEts see how this works out.
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