SPY is trading in a wedge pattern on 5min & 15min chart and consolidation is in process at the 0.382 fibonacci level. A breakout to 280 on the upside and 270 on the downside based on volume is likely to happen within a few hours.
Yorum:
Rising Wedge breakout downwards as expected.
270 looks more likely as volume continues to decline.
more on Rising Wedge pattern:
stockcharts.com...school/doku.php?id=chart_s...