March 5, 2013

SPY Chart analysis

30 MINUTES CHART
4 HOUR CHART
 
  • First chart shows 30 Minutes time frame with the Ascending triangle.
  • Second chart analyses the current up move in 4 Hour time frame. Two runaway GAP's and good up moves followed. But current pullback looks different. That doesn't mean Bulls are not going to get a breakout But chances of a false breakout is likely. Two unfilled GAP's in chart too will keep the bears interested.
  • APPLE CHART UPDATE
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