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Commentary Topic from greenfaucet

Get Ready for Range Expansion Play from SPY Intraday Triangle

If you've been lulled to sleep by the recent intraday market action, don't fret. According to the long-standing price principle of "Range Expansion and Contraction," the next move in the market is likely to be a range expansion breakout swing move, that will offer opportunities for those aggressive enough to take them. Let's take a quick ‘pure price' look at the S&P 500 ETF SPY and note the symmetrical triangle compression and the boundaries to watch for a potential breakout.