Interesting to see this backtest here working out perfectly. My longer term projection is bearish, todays sentiment is extremely bullish across the board so let see what happens.
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So the SPY did pull back into the 214.60 area of support and found some buyers. Interesting bearish inside bar now forming. I'm very keen to see if we can break down through to the 214.20 area tomorrow. Perhaps we see some selling amid Apple's earnings report after the close.
Trade closed: target reached
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Bearish pattern played out nicely here. For those who went short make sure you cover. I didn't so congrats to you :)