Get started
Stephenlks

SPY Is Forming A Large Ascending Triangle

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Stephenlks  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns SPDR S&P 500 ETF (SPY) Ascending Triangle 200ma S&P 500 (SPX500) breakout
4
1
chartpattern spy ascendingtriangle 200ma spx500 breakout
The SPY which is the ETF the tracks the S&P 500 is forming a large ascending triangle. Note the rising 200 day moving average as well. This points to bullishness and if SPY can breakout of this pattern we will be looking at higher prices for the US market.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.