Approaching 30w MA and expanding triangle upper trend line support.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Target is the same monthly trend line that caused SPY to fall as shown in my related idea below labeled 'Spy Top Possible'. The current decline wasn't caused by the Corona Virus, it was institutions taking profit and the media assigning a reason. They have taken profit at this monthly trend line about 10 times since 2012, why wouldn't they continue to take profit at it?