As the title suggests, we have a channel breakout. We can see clearly, where we broke out of and the run we have seen the last 2 weeks is the retest of the trendline breakout. This week is a major deal because we will either reject and begin the full breakout down (with a target of $400 for SPY) Or we will re-enter the channel and there will be a lot of buying going into the future. Definitely watch what happens the beginning of the week!
PG13