SPDR S&P 500 ETF TRUST

Long

$SPY possible breakout from asymmetrical triangle

By OfficerDonut

Updated

is currently testing the upper falling trend line of the asymmetrical triangle

snapshot

If the retest succeeds and the breakout is confirmed, then a year-end rally in the stock markets including new highs is likely

is already one step ahead and the breakout seems to have been successful

snapshot

Note

Very nice breakout. Asymmetrical triangle is a very strong formation.

snapshot

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