SPY BEARISH SETUP INVALIDATED

We have been watching the SPY in a tight consolidation on declining volume getting ready to make a move. Traditionally, symmetrical triangles are continuations patterns in the direction of the trend. We had a bearish prediction down to 367. But on a positive jobs reports, the consolidation broke UP towards resistance(388-392). We can still push to 392 from here but most of the move has played out. Retaking 392 will setup for some interesting bullish scenarios but for now, we will have to wait for the next setup. In general, I am still bearish as interest rates are going to get kicked up but we will see how things play out