McGuireTO

SPY weekly looking more and more like a failed breakout

AMEX:SPY   SPDR S&P 500 ETF TRUST
Another week int he S&P failing to close a candle above our breakout level, and the weekly chart is setting up like the market wants lower. Zooming into the daily we can see that our current tightening equilibrium break just might be the signal for direction for the rest of the year
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