Fat Pig to the slaughterhouse or finally a break of the range?
- Posted by admin
- on November 11th, 2011
We’re basing and filling in the handle — the more we test it the greater the chance of a break-out. That being said everytime the bulls have been excited for a break-out they’ve been smashed over the head, but seasonality is bullish and patterns are looking better. $SPY 127.4 zone/top of channel/200sma will be the test for the bulls.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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The HCPG team has been trading professionally since 1997 and founded The High Chart Patterns Newsletter in 2006. More »
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