Monday, December 14, 2009

12/14/2009 After Bell Quick Summary

Finally, closed above the recent trading range, very good, but just with a little margin, so it’s essential to see if the market could have a follow-through tomorrow.

SPY30min

Chart pattern wise, breakout above an Ascending Triangle then followed by a Symmetrical Triangle as a continuation pattern so chances are good that the market may follow through tomorrow.

SPY15min

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