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SPDR S&P 500 ETF TRUST

SPY Bull (Regain ATH) Case

By axelroark
Updated
SPY is moving into a distribution zone, which will likely result in resistance and a dip back towards recently established (fib) support levels. This establishes a new DTL support line that takes us through existing DTL resistance, and back into the next chop zone for more consolidation before either regaining ATH's, or re-testing lows.
Comment
Still in line with forecast. Seeking 270 this week before consolidating underneath for a bigger run.
Comment
This has been almost spot on to date.
Bullish PatternsChart PatternsDTLETFSPDR S&P 500 ETF (SPY) Trend Analysis
axelroark
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