McG16

Will History Repeat?

McG16 アップデート済   
AMEX:SPY   SPDR S&P 500 ETF TRUST
One of the most satisfying moments in charting is opening up an old chart tab to find S/R levels that really hit the spot. I believe these S/R lines were drawn in July before the SPY rally to 430. When I looked back at the chart, I saw something that looked familiar...

July



Today


I plan to use the top and bottom lines combined with volume for breakout trading. Good luck all.
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Played a quick call on the bounce at lower Support line. Quick in and out.
Will we see the precious patterns play out? Gap up to breakout?

 
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Today
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