$SPY expecting a downward breakout

recap of yesterday. The dominate pattern of the day was a measured move up (please feel free to disagree). Two other patterns formed in the 5 minute charts. 1st was a wedge formation that completed with an upward breakout. 2nd was megaphone formation or otherwise known as a brooding top.

We will have to wait for the break out, but my guess for tomorrow is down. We saw a MACD cross on the 1 hour time frame and I expect a lot of geopolitics news for the markets to digest in the coming days.

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