SPDR S&P 500 (SPY)

[learningboutinv]

denmo,

If that August low is an inverse H+S at 1375 and the neckline at around 1490ish, then the current down was a retest of the neckline. If this inverse H+S has legs off the current re-test of the neckline, we'll be seeing 1615ish. (+125 points off the 1490 neckline.)

I assume you're still 100% long from early August? I was only about 30% long from August (and some day trades here and there), but have recently went in to about 70% long on 10/19 after that huge 2.5-3% drop on all indexes. That was a scary time to go long even though everything in body told me not to. But after a week the charts are looking a lot better, meaning more up. Hopefully the inverse H+S plays out.