The last 16 days of SPY have been this ever ending bullish movement. We're almost at the Pivot point, but I'm taking put options early.
Expiration - March 15 2019 (56 days)
Strike - 260 puts
Stoploss - If SPY goes above 270.36
Target - 245 by EoM February
In the 1 our chart we can see a rising wedge + a bearish divergence on the rsi
Wait for a bearish candle (hammer or shooting star) for example and place your position.
This is my point of view for this pair for this next week.
The side that clearly seems more like a "trapped" area is the bear side. The arrows show the large pushes down that are rejected to the upside over and over with far less of the opposite. It seems like bears are getting trapped finally. Also some random arrows I drew based only on the patterns.