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gtrades31 OP t1_j21naxk wrote

SPY 4h. Broke down the internal uptrend channel & near to retest the weekly flag lows (yellow lines); if it get rejected & turns upward there could be another potential reentry or close inside a new developing uptrend pattern to work with.

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DroopedSteelBean t1_j21on3x wrote

That’s really fascinating. What do the lines mean?

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J3ster14 t1_j21qir9 wrote

I think OP is saying SPY could either go up or down from here.

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sndlgoupplz t1_j21rypl wrote

Hes saying down

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J3ster14 t1_j21tbx5 wrote

Sure, but if a green bar goes above that diagonal line... HOLD ON TO YOUR BUTTS!

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