fishdude

March was a "W" reversal, are starting a new downward channel?

AMEX:SPY   SPDR S&P 500 ETF
44 0 1
Most of March formed a perfect W pattern, with follow through to the potential target (half the amount between the middle high and the lowest low). Now it looks like a new possible downward channel has formed, and possibly another W pattern within that channel. Confirmation should come soon.
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