The daily bar chart pattern of S&P 500 has been consolidating sideways within a small 'symmetrical triangle' pattern for the past two weeks. All three EMAs are rising, and the index is trading above them in a bull market.
Logically, the index should breakout upwards from the triangle. However, triangles tend to be unreliable patterns.
-- Logically, the index should breakout upwards from the triangle. However, triangles tend to be unreliable patterns.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/12/s-500-and-ftse-100-charts-dec-23-16.html
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