"Markets can remain irrational longer than you can remain solvent." John Maynard Keynes

SPY Rising Wedge Update, May 1st

1. May 2009• SPX S&P 500, • Stock MarketPhantasmix Tags: , , , , , , ,  Comments

The wedge completed, and seemed to resolve to the downside but only for a day.

SPY is now moving up within an uptrending channel. Volume has been decreasing and MACD is in a no-man’s land.

Click to enlarge
may1_spy_wedge

 


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