SPY Update 20 April 2015

 

SPY W 20 Apr 2015 Close B

Equity indices breathed a bit of a sigh of relief today after Friday’s drop.

Price looks geared to spring higher through all time highs (yet again) in short order absent some intervening calamity.

That said, the pattern isn’t clean so be careful and mind the uptrend line even more closely… “Mind” meaning get gone if it breaks down through that line.

Good Trading.