SPY Chart Head and Shoulders outcome

SPY Chart Head and Shoulders outcome

I wanted to follow up on the Head and shoulders call that I made earlier today. We did get a third test of the 103.5 level, but we held and bounced off.

We ended up closing where we opened (doji) - one sign that a reversal may be near. The 103.65 level has served as a significant level though I'm not quite sure why.

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