- SPY chart with a right angled broadening pattern.
- Resistance is at 120.39. Support for today is the day's low at 119.03
- If today's gap is filled the bullishness can sustain only if price closes above 120.39 otherwise selling pressure will take spy down.
- Statistics of right angled broadening pattern shows a larger percentage of upside breakouts.
- S&P 500 FUTURES ANALYSIS
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