is currently at wedge trend line
resistance.We have 3 basic scenarios at this point. 1- SPY
breaks trend line
to the upside to a near term target at top of CLONE. 2- SPY
consolidates down to lower trend line
or the bottom of current channel before moving higher.
breaks support at bottom current channel and corrects mid way or to bottom of reference channel.
CLONING works very well in conjugation with FIB. levels.