BATS:SPY   SPDR S&P 500 ETF
549 4 3
I was bearish before, but now I m bull, because this channel continues to be intact, and it just made a new high on May 3, 2013. I realize that even though the fundamentals are weak around the world, the Federal Reserve Bank will continue with their aggressive monetary policy . Thus, the market will continue to rise as long the Federal Reserve Bank is supporting this market. Regarding to the peak pattern from previous consecutive four years, this period is different , because we have the Federal Reserve Bank supporting the rally.
@KevenT, @Leclaireur, This is long term view, I'm not speculating the next move. I'm just stating that we continue to be in a bullish pattern nothing more or less.
Reply
See my Megaphone Top pattern :)
Megaphone Top Pattern
Reply
Leclaireur Leclaireur
It is a real existing pattern btw, just so you know
Reply
Looking at the extend of the upmove, compared to the previous moves, ready for a retraction. However small it is.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out