AMEX:SPY   SPDR S&P 500
196 9 4
Looks a bit like a Diamond here
What does a diamond formation project?
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Jraider Jraider
Sorry...I posted before reading the comments. I am good.
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A Diamond can break up or down. It can be a Diamond Top (price breaks down) or a continuation pattern - meaning price leaves the Diamond in the same direction it entered the Diamond - in this case - breaking up.

Ghostrider is right, though. There is nothing mysterious about this pattern, it's very common can easily be "googled" for details.
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thanks
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Looks like start of a downtrend now
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what does it suppose to mean?
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Ghostrider7 zhou.zhaofan
With all do respect zhou K has been kind enough to do the work in posting the pattern. Maybe you can take the initiative and do some research on your own to see what it means...
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YipYip Ghostrider7
stop being so negative .. I dont know what a diamond is TAK does..,

WHats a diamond ? :D

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