Murcielago312

Cup & Handle

Largo
Murcielago312 Actualizado   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Long!. First target 292.70 gap close. May go to 294 gap close if strong enough.
Comentarios:
First support trend line broken. Cup pattern intact. Idea may be invalidated if we drop under 284.
Comentarios:
Pattern tried to break down over the weekend, but it got bought up at market open. Idea is still likely.
Comentarios:
The uptrend portion of the cup pattern is not as strong as the downtrend we saw on May 1st to the 13th.
Market looks a bit weak to be honest. We might see a slow climb to $290 where it could be rejected. We will see what happens...
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