SPY nearterm heading lower to fill the $291 Gap.

1 oct 2019SPY Near term not looking good: now the possibilities of complex head and shoulders top is back. We'll need to see a decisive breakdown of the neckline to confirm however. An official breakdown is not merely a breach of the neckline but rather a break of the neckline followed by a retest to reclaim it that fails. That is what is known as a formal breakdown.