BradMatheny

Correction: Counter Trend Break Away Pattern on 6-26

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BATS:SPY   SPDR S&P 500 ETF TRUST
This is a correction video representing the Counter-Trend mode of today's BreakAway pattern.

I created the first video thinking this was a Trending pattern.

Counter-trend patterns tend to reflect a reversal of price direction related to the last 3~5 days price trend.

In this video, I go over how I view Counter-Trend patterns vs. Trend/Carryover patterns.

Look for initial weakness in price followed by what I believe will be a strong rally phase this afternoon.

Here we go...

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