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JonHorvath

SPY joins QQQ as ascending wedge breaks down plus double top

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
JonHorvath  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns
9
0
chartpattern
SPY just joined QQQ by breaking the lower boundary of a 10 month ascending wedge on above average volume. Potential for 40 points downside. There is also a double top whose neckline will be broken below ~285 level.
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