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Price channeling

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) channelingaction
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trendanalysis chartpattern spy channelingaction
Well friends, as suggested in my earlier posts SPY was expected to make a new high.

That potential has been fulfilled.

The price has been channeling for the past few weeks.

Now trending at its upper trend line.

Expect day liquidation breaks (about 3-7) SPY points to be bought while price channels.

Strong support at 324-327 band.

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