Dude, you redrew the trendline. Today was a clear breakout.

That said, I'm bearish. I'm expecting volume to pick up now, probably higher volume and higher prices till we come to a blow off top near the Aug peak of spy 426-ish. I'll be buying puts and add more to my portfolio as we over-extend upwards.

I'm seeing a dip followed by a mega rally after the Feb 1st fomc, leading into that blow off top. That said, if it's 25bps and a dovish jpow, we rally right then into the blow off top. Either way, next week will be an exciting one; I can roll my existing puts if it's 50bps/25 and a hawkish jpow or double down if it's 25bps and a dovish jpow.

Invalidation of my thesis would be 50bps and a continued rally closing the week green (invalidation towards the upside) or 25bps + dovish tone and a dump closing the week red (invalidation toward the 200 day moving average).