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huntertrades

Will the $302 SPY level prevail, yet again?

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
huntertrades  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Wedge Moving Averages
3
0
wedgepattern movingaverage
If the bottom side of this ascending wedge is broken, then the $280 region is wide open. However, FED + international liquidity is holding this whole thing up at the moment; clouding true fundamental analysis .

Short-term: Neutral
Long-term: Downside favored.
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