SPY has broken through resistance and running like a bat outta hell. It looks like it wants to the $395.31 PL. Please watch the video for more details AMEX:SPY
what if monday it opens higher and crossing weekly resistance? you think its going to be the start of new short term bullish chart?
Solidified
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@LetsBeMillionaire, Good question. If that happens, it wouldn't be the first time. This has happened before during December CPI and retested the $410 PL, but remember, it's a weekly chart so it would have to close above the breakout for it to be a true trend reversal. SPY
LetsBeMillionaire
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@Solidified, 1 thing for sure we are getting close to the wedge. in next few weeks we will see a breakout in any direction but i tend to think towards bullish sentiment during breakout