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aaronsmth5

SPY Bullish Descending Wedge Formation

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
aaronsmth5 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Trend Analysis Technical Indicators SPDR S&P 500 ETF (SPY) spylong SPX (S&P 500 Index) sp50
7
6
chartpattern trendanalysis indicator spy spylong spx sp50
SPY looks to be forming a descending wedge. I will be watching closely for a break out of this wedge to go long.

Let's see how this plays out the next few days with potentially more stimulus being announced.
Comment:
Will likely open a long position near 315 if this plays out as expected
snapshot
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