fingmarkettrader

SPY BULL STORY (CHOPPY AT FIRST)

Panjang
AMEX:SPY   SPDR S&P 500 ETF TRUST
CHART STORY: The inverse Cup and handle in pink is favorable for Bears. We have actually closed below the handle today but, I drew it right on today's close to give it some room. As of now, the bears have control and will take this to 264 in a grinding Fashion. Then the Bulls will step in at that point to attempt its own Cup and Handle to the Upside developed through a future 15 min inverse H and S (example seen at 264 inverted head). At that Point, the bulls will take over and attempt the breakout 1 more time around 271.29.
Penafian

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