Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 1, 2012
SPY Bull Flag and Channel Top
4 Hour chart shows negative price action at the channel resistance line.
Smaller time frames like 15 Minutes are showing bullish flag pattern.
Hour chart has to sustain above 20 Hour SMA and 138.10 levels for the bull flag to do well.
Price falling below 138.10 will weaken the bull flag pattern.
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