I am a new trader so take this with a grain of salt... But i belive there is a large inverse head and shoulders that is ready to break out this summer on the weekly timeframe, i have uploaded my chart. I will be going long next week to the middle of july, this seems to be the pattern it follows every summer.
I believe that we are in the middle of a strong uptrend, if spy can break the 530 barrier next week with strong volume, i think we will see a re test, and if it holds we can get to 540-560 by the middle of July. I currently have 555 calls for middle of July because i got them so cheap!
If it rejects at 530, I think we will see another pullback and i will be...
