sum1
Long

$SPY NEW HIGH STRATEGY

AMEX:SPY   SPDR S&P 500 ETF
After some break from the market am back again.

Well market is developing. the RED and GREEN LINE is parallel trading. So as long as the price continues we can trade in a channel. When reaches red line go short and when it touches green line it's a buy. Pink line will act as a support line too. If price breaks the Thick black line then it's a confirmation to go short. The blue line from the previous low is crossing the red line above and also acting up as a support. But as soon as the triangle breaks out it will become non acting line in price trend.
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