SPY close analysis, 3/27/2023 -- Inverse head and shoulders?
Choppiness prevails. This is a premium sellers dream and a nightmare for swings.
Looks to me like the low is in for the short term cycle. Price never dipped low enough into the diag demand zone I projected on the 23rd for the bullseye target
Price seems to have found some support off the indecision zone today. I'm neutral-to-bullish until we lose 394.5.
In the *what if* crystal ball projections spirit, I propose a potential inverse head and shoulders, taking price into the >420 zone depending on completion date. Now THAT would be interesting.
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