Pattern Developing in SPY Chart

Check out the similarity in the declines on this SPY chart. 

As long as price continues to hold above this recent low, the upside targets come in at 149.51, and 151.30-53. Key symmetry support has held on this chart. Remember that the definition of symmetry is SIMILARITY or EQUALITY of swings in the same direction. These projections in this case have helped us to define the support. Now let’s see if the targets can be met!!

Carolyn Boroden

twitter: @Fibonacciqueen