In our Intra Day Chat Room we noted the Head and Shoulders pattern forming on the SPY chart. On Tuesday, February 3rd at approximately 10:40am EST we signaled a long play based on confirmation of the pattern. We set our target at roughly $1.50 higher from our entry point and watched the pattern un-fold...
Note the pattern as well as the result below:
At 3:15pm EST our target was achieved and we took profits! SUCCESS!
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