SPY's Mean Reversion Play $SPX $SPY

Anchoring the Fib Retracement on the '07 peak and '09 trough - is there another trend?

Logic:

  • Price breaks the 38.2% Fib mark
    • Forms H&S*
      • Drops to green trendline
  • Price breaks the 23.6% Fib mark
    • Forms H&S*
      • Drops to green trendline
  • Price breaks the 0% Fib mark ('07 peak)
    •  Forms H&S*
      • Another drop to trendline?

*H&S formation evident on different scales.



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