wordsforthewise

3 possibilities

wordsforthewise Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
1. We broke out of the megaphone, and we are going up another 50%. (most likely)
2. We are hitting resistances from a trendline (unlikely IMO, just a feeling)
3. We overthrew the megaphone as a false breakout and are going back down to the bottom (possible, but less likely)
Comment:
changed my mind after seeing the bearish divergence on RSI. Some sort of correction is due.
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