iowjack

Spy Ascending Triangle Pattern

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
A text book ascending triangle pattern has formed for SPY with a 4.3% Bullish breakout potential.

Buyers have not been able to break through 422.

Looking for price action to break through 422 with increased volume to take position.





Comment: price broke through, not much volume.
Order cancelled: I didn't enter a long position. Volume increase was selloff leading up to FOMC and dropped below support.

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