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Actionable news in SPWH: SPORTSMAN'S WAREHOUSE HOLDINGS Inc,

Price Below the Upper T-Line Band is a Warning

(SPY) – Price below the Upper T-Line Band is a warning, price below the Lower T-Line Band is a clue the Bears out number the Bulls. On May 11 I wrote, “ Last Weeks-Channel Looking to Get Tested I put the top channel line about $238.80 and the bottom about $237.70.”

Yesterday the sellers were a mission to drive the price lower. However, the Bulls rallied back on a Tweezer Bottom closing the day with a Hammer at $239.38. Candlestick tip: Hammers require...


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