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Therealalphaaction

Head and Shoulders on The S and P 500

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Therealalphaaction Actualizado   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Beyond Technical Analysis market_top
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trendanalysis chartpattern beyondta market_top
This is a continuation from Monday's post where I said the market will likely go lower from here(linked below). Not just do we have a head and shoulders we have a situation where the breadth of the market is at such where only 5 companies make up 20% of the value of the s and p 500. Also, the market rejected from the 61.8 fib retracement.

If you want my full analysis I'll link it in the comment section.

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Therealalphaaction
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