AMEX:SPY   SPDR S&P 500 ETF TRUST
Hello friends and traders. A quick look at the current ATR tells us one important thing: we're in a short term consolidation mode. The annoying triangle is expiring and these are often mutated into expanding wedges, megaphones, and other energy dissipating monsters. What is the practical application of this idea? Well, I suggest we explore the boundaries. Being in consolidation means being exposed to the "Z" action. Thus, this is my friendly contribution on the beautiful Vue De Trading on this beautiful Saturday. God Bless and Have a Nice Weekend.
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