The SPYs, QQQQs and IWNs have all formed a cup and handle pattern since the China sell-off a few weeks ago.
In addition, all of the averages are still trading below the technically important price level from the start of the China sell-off.
Tuesday, April 3, 2007
The Indexes Are Forming Lots of Cup and Handles
A Cup and handle formation is a moderately common chart pattern. It's a combination of a rounding bottom and an ascending triangle pattern.
The SPYs, QQQQs and IWNs have all formed a cup and handle pattern since the China sell-off a few weeks ago.
In addition, all of the averages are still trading below the technically important price level from the start of the China sell-off.
The SPYs, QQQQs and IWNs have all formed a cup and handle pattern since the China sell-off a few weeks ago.
In addition, all of the averages are still trading below the technically important price level from the start of the China sell-off.
