SPY/QQQ Plan Your Trade for 8-12 : SPY 10 Min Flagging/Breakout

By BradMatheny
This update shows you why I believe the SPY will resolve the current Flag formation into an upward price trend.

The Vortex Rally base will likely continue to setup over the next 5+ days. But the 531-532 level on the SPY is proving to be a strong support area and as long as this level is not broken - we should see the SPY attempt to rally back above 545-550.

It is all about timing the move and staying patient while the SPY/QQQ settle near this base.

I'll continue to post more updates as price trends.

Get some.

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Chart PatternsESGoldTechnical IndicatorsnasdaqNQQQQS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) tradingTrend Analysisym
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