Bearish Butterfly Pattern on SPY
Waiting on the sidelines and looking for a good entry point for a bearish pullback in the near future. I noticed what looks like a butterfly harmonic pattern setting up on SPY, which indicates that price could push to a new ATH before the pullback occurs.
Additionally, fresh CPI numbers are coming out on June 10, which could cause some pretty interesting price action in the near term.
Comments are appreciated.
Additionally, fresh CPI numbers are coming out on June 10, which could cause some pretty interesting price action in the near term.
Comments are appreciated.
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