SPY - break out of downward channel to the upside?
We continued yesterday with our sideways trading within the bull flag. The candlestick pattern for yesterday is either a DOJI or Spinning Top, both are indecisive indicators. The longer this bull flag lasts the longer I see this as more of a consolidation area ready for a move up.
A bullish move would be a break of the downward channel to the upside. Additionally a move above the the January 7 high would be a stronger bullish breakout.
A bullish move would be a break of the downward channel to the upside. Additionally a move above the the January 7 high would be a stronger bullish breakout.
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