CHART ALERT: The S&P tracking ETF the $SPY, has a nice pattern formation known as a Head & Shoulders on the intra-day chart.This pattern is a bearish pattern. But before you jump the gun and enter this trade, note the light volume. Like many traders will say, "never short a dull market." While this pattern may be great, as a smart trader you always need to take into account multiple factors, and this is one we are going to have to watch...
Gareth Soloway
InTheMoneyStocks
