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sublimares2
Oct 6, 2013 4:16 PM

SPY- Maybe bullish Cypher pattern  Short

SPDR S&P 500 ETF TRUSTArca

Description

For sure this is a premature conclusion and I will revisit this chart but it does make sense to me this bullish Cypher pattern. The bear flag- in the making- is helping even more to believing into a further downside. The break of the B point is the key for this pattern. If there is no break below the B level- this pattern fails.
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