Note the long wicks on the candles in the red box-the wicks at the top. This is telling us that there's a zone of resistance there. Note the price level-$114.50, another obvious level to trigger trades.
BRANDT. The break of SPY 102.0 on JULY 1ST. I thought that would be a SUPPORT break to COLLAPSE this thing.
Since JUNE, SPY DAILY has been in this UP/DOWN range. Where is the SUPPORT line or number for the SPY DAILY? I thought the break of SPY 102.0 on JULY 1ST would be a SUPPORT break to COLLAPSE this thing.
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BRANDT. The break of SPY 102.0 on JULY 1ST. I thought that would be a SUPPORT break to COLLAPSE this thing.
Since JUNE, SPY DAILY has been in this UP/DOWN range. Where is the SUPPORT line or number for the SPY DAILY? I thought the break of SPY 102.0 on JULY 1ST would be a SUPPORT break to COLLAPSE this thing.
The $104 area will be the first serious zone, the $101 area. It doesn't happen often, but I've seen H&S tops have a false breakout on the neckline.
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