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Bixley

SPMD Bull or Bear?

SPDR Portfolio S&P 400 Mid Cap ETF (AMEX:SPMD)  
Bixley  
AMEX:SPMD   SPDR Portfolio S&P 400 Mid Cap ETF
Trend Analysis Chart Patterns SPMD
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trendanalysis chartpattern spmd
I favor the bull outcome in green, in which the solid white line acts as support for the double bottom
However I have also plotted a bear outcome in red where price breaks down within the channel and continues
This situation is where the double bottom fails
Lets see what happens on this daily chart

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