BigWaveTrader
Long

Primary Bull Trend to Resume

AMEX:SPY   SPDR S&P 500 ETF TRUST
The bearish secondary, intermediate, trend appears to be coming to an end -- and the primary bullish trend appears ready to resume.

The primary bullish trend that started in 2009 retraced 0.78 and broke out of the upper channel resistance (ORANGE line). These are early signals that the primary bullish trend could possibly be ready to resume its upward move.

(Please feel free to critique, comment, and provide feedback - always welcome)



Comments

nice support line!
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