SMP99

SPY Tue 10-7: Gap fill....Inverse H&S?

AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
10-7-14: Down trend line was tested after the breakout Fri and held successfully Another test today may happen and if done in late afternoon could coincide with a fill of the gap at 194.64 without breaking back through the trend line. Also watching what may be a possible right should that has formed or will finish forming soon. Plenty of time for this inverse H&S to fail so I'm not assuming anything until its confirmed. But if so...would have a target all the way back to new ATH's around 202.50.

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