Replies to post #10948 on SPDR S&P 500 (SPY)

[Footquarters]

Hi learning

I tried to see the inverse head and shoulders, was a stretch for sure, but looked more like a cup and handle, what is different, is that there is a W bottom with the MACD and this could go over 0 with this move. If that happens it may keep on truckin'. The reason that we are consolidating was the MACD break after we went to 80. We are getting above important moving averages, so keep an eye on that. This stuff about not going higher...dreaming.