dvidaud

SPY Triangle March 2018

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Short term long with protective put. "Breakout" is very low volume. Not strong indicator of having enough strength to continue to move upwards without some reversion. Upward resistance expected at previous two local peaks. Older bullish channels (possible support) represented by blue and green channels.

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.