CHART-II
- S&P 500 has made a negative break down in hour chart. Negative for the bulls.
- Things are looking good for the bears as of now
CHART- I
- S&P 500 Futures hour chart with a pennant formation.
- When a pennant occurs in up trend it is called as a bullish continuation pattern.
- The rules of the pattern suggests upside breakout from here. Let's wait and see how this one goes.
- SPY WEEKEND UPDATE
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