One of the most satisfying moments in charting is opening up an old chart tab to find S/R levels that really hit the spot. I believe these S/R lines were drawn in July before the SPY rally to 430. When I looked back at the chart, I saw something that looked familiar...
July
Today
I plan to use the top and bottom lines combined with volume for breakout trading. Good luck all.
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Played a quick call on the bounce at lower Support line. Quick in and out. Will we see the precious patterns play out? Gap up to breakout?