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axelroark

SPY Bull (Regain ATH) Case

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
axelroark Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) DTL Bullish Patterns ETF
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trendanalysis chartpattern spy dtl bullish etf
SPY is moving into a distribution zone, which will likely result in resistance and a dip back towards recently established (fib) support levels. This establishes a new DTL support line that takes us through existing DTL resistance, and back into the next chop zone for more consolidation before either regaining ATH's, or re-testing lows.
Comment:
Still in line with forecast. Seeking 270 this week before consolidating underneath for a bigger run.
Comment:
This has been almost spot on to date.
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