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DHLawrence

Sp500 testing support

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
DHLawrence  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Trend Analysis Beyond Technical Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY)
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chartpattern trendanalysis beyondta spx spy
As expected, the pink rising wedge has given way and we are testing the support of the turquoise channel (slight wedge shape).
Watch the level 332.50 this morning. if it doesn’t hold, I’ll be looking for the next serious support at 320, then 300 (based on previous prominent support levels)
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