AMEX:SPY   SPDR S&P 500 ETF TRUST
It looks like it wants to test the brown and black lines above. These are some strong lines. Should seek to short soon as it starts to break down from these lines. However, if it confidently breaks above these lines, do not short.
Can you please explain some of your lines here? I see the brown lines are drawn on the lower highs of the recent down trend, but where do the black lines come from? and the green, orange, and blue?
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I will constantly update these charts in terms both long term and short term. If you look at this chart I posted before you will see where the black line comes from. The bottom line is that even Keynesian markets do not escape triangular geometry.
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