Head & Shoulder Pattern on $SPY

The $SPY and other indices are showing a head and shoulder pattern on the shorter time frames. Although we would look to see a push to near the $202 level, according to our seasonality chart that may pose a good entry for a reversal to push up past the pattern top. Also, interesting to note the area would coincide with a previous backtest of a trend line from the August 2015 lows.

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