Triangle Pattern on the 10 Minute SPY Chart

Triangle Pattern on the 10 Minute SPY Chart

A symmetrical triangle pattern has been forming on the SPDR S&P 500 ETF (SPY) ten minute chart over the last three days and a breakout could power it to new highs, while a breakdown would represent another failed attempt to make a higher high and further selling pressure.

1000139.SPY triangle 10 min