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hungry_hippo

I SPY another pennant?

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
hungry_hippo Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns SPDR S&P 500 ETF (SPY)
13
16
chartpattern spy
Looks like a larger pennant now. Market probably isn't going anywhere until the Fed meeting next week.

BTW, the previous pennant broke last night AH, then the computers pumped futures right back up. The algorithm is designed not to lose.
Comment:
Early indications are that his is going to break upwards tonight, the computerz need to make money so they need a higher top
Comment:
I think the market gets super pumptarded the next couple of days then reverses course next week. Makes sense, all of the previous rebound rallies lasted 2 weeks as well.
Comment:
I get this weird feeling that they're gonna do the last minute pump with futures and gap it up tomorrow to squeeze out shorts before the Fed meeting. We'll see here in a few minutes....
Comment:
Huge futures volume in the last minute. We'll see if they try the pump and dump.
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