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SPY bullish (pitchfork analysis)

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Pitchforks SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500) usmarkets usmarket
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pitchfork spy spx spx500 usmarkets usmarket
SPY reached the middle (red) of the pitchfork line which is a likely point of bounce (and it already bounced off a bit from the line). On the higher end SPY reached the same width of the pitchfork channel (a little over). The red circles show the top and the bottom.
Komen:
I closed my position (not SPY, I had OXY and USO both with nice profit) for the very short term but for longer term I'm still bullish on SPY (which is now 387.15, when I posted my idea it was 378.06).
Komen:
I reopened LONG market position a bit earlier (BULZ at 4.64 and then 4.59).
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SPY - bullish (pitchfork analysis)
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