Aug 28

S&P 500 (SPY) Breakout

The fact that the SPY's broke out of a 3-month base formation on 8/18 -- - and hit an initial high at 130.69, then pulled back to the breakout level at 129.40/20, and then pivoted to the upside last week, initiating a spike to today's new recovery high at 130.82 -- represents a classic bullish technical scenario....

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Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!