GarethSolowayOfficial

Who is going to win this one bears or bulls?

AMEX:SPY   SPDR S&P 500 ETF TRUST
What we are looking at here is the SPY on the Daily TF (on the Left) and the 10 Min TF (on the Right).

Notice that the blue arrows show that we are in a mature bear flag and it is about ready to trigger more downside action.

And, you will see that the chart on the Right with the green arrows is a nice mature bull flag.

How high do you think the SPY will go before ultimately flushing to the yellow target support line?

Let me know in the comments.

Cheers.

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