SPY Charts 6/12 Markets Continue Thier Tug of War

Up and down.  Highs and low's.  It truly feels like a roller coaster market.  Is it bullish is it bearish?  You tell me?  One thing is for certian you can make a case right now for the bulls and bears.

Bullish case:



Bearish Case



On the 60 minute chart the Head and Shoulder pattern is more evident.



So as this tug of war continues between the bears and the bulls be mindful of a break in resistance or support as that will tip the way the market will go for the short term.

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Disclaimer: This article is intended to be informative and does not constitute a buy, hold, or sell recommendation., and should not be construed as personalized advice as it does not take into account your specific situation or objectives