Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 13, 2013
SPY Bullish Engulfing
SPY Four hour cloud saving bulls for now from a bigger fall.
Four hour candle shows a bullish engulfing pattern. This one needs price follow up to confirm bullishness.
One Hour chart testing 50 Hour SMA. Sustaining above this level will extend this up move.
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