SP 500 Midday - Expanding Triangle Elliott Wave? Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Feb 8, 2013 5:31 PM

A midday look at the SP 500 ETF SPY on the 15 minute chart would suggest that we are in an expanding triangle. We also tagged a longer term resistance line on the upward channel.