1. open - A close below the 200 line could a breakdown of the and a massive sell off in $SPY.
2. open - The price will gap above 208$ and push higher towards the major resistance near 210$, there it'll meet two daily lines along with a strong .
$SPY could be squeezed between the 3 lines, inside the triangle till next FOMC meeting on September. The Triangle's breakdown/breakout could be the signal for future price direction.
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