The spy is currently in attempting to break out of it current downward channel in attempt to continue and strengthen the current bullish reversal. How strong these breakthroughs if they succeed are crucial to how high the bulls can push this reversal. For now it seems to be short term and a good opportunity to open up some ShortSell positions. If the bulls fail to...
General idea of what the next bull run would look like.
Will provide more TA and info in later posts If interested.
Heres the TLDR: Price should play within the diamonds and should follow the price line or rise at a more parabolic rate.
Entering this anywhere around the $1 mark should get some gains.
I will be entering this trade soon, Putting buy line now...
