SPY has support at the rising green line, and the horizontal brown line. The green line is the bottom of a triangle. If this green line is broken, go short.
SPY has resistance at the red and blue line. Watch these resistance lines to determine the shape of the triangle that SPY is trading inside. If SPY breaks above both the blue and the red lines, then go long.
Once SPY breaks outside this triangle, the price movement should be fast, so be ready in either direction!
SPY has resistance at the red and blue line. Watch these resistance lines to determine the shape of the triangle that SPY is trading inside. If SPY breaks above both the blue and the red lines, then go long.
Once SPY breaks outside this triangle, the price movement should be fast, so be ready in either direction!
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