March 5, 2013

SPY Chart update

30 MINUTES CHART
4 HOUR CHART
  • SPY Ascending triangle breakout. Price gaped out of the pattern. If price does not test the gap before close we may have another runaway GAP. Second chart shows two other runaway gap's in chart which gave good up moves till now.
  • Bears need price to close the gap and close the day back into the ascending triangle.
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