$SPY possible breakout from asymmetrical triangle

SPY is currently testing the upper falling trend line of the asymmetrical triangle

If the retest succeeds and the breakout is confirmed, then a year-end rally in the stock markets including new SPY highs is likely

NKE is already one step ahead and the breakout seems to have been successful

Yorum:

Very nice breakout. Asymmetrical triangle is a very strong formation.