The SPY has broken this descending triangle pattern. Now that there is not a bearish formation, where will this head now? RSI is not overbought, MACD is just starting to send a bullish signal. It looks as if there will be some slow, arduous, upward movement.
After breaking this pattern, the ETF found support at the 50 day SMA.
For more, check out www.enhancingcapital.com
After breaking this pattern, the ETF found support at the 50 day SMA.
For more, check out www.enhancingcapital.com
