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.
Share to Twitter
Share to Facebook
Share to Pinterest