Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 4, 2015
SPY Weekend update
Price taking support around 50% Retrace level.
Daily chart is looking like a bearish Descending triangle pattern.
If 50% Retrace level is gone in closing basis then SPY may test its 200 Day SMA.
Bulls need the "W" Pattern to complete for bigger up moves to happen.
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