SPY Update

The SPY has moved above the range described earlier today and in the last couple of posts, now's the time to watch for the signs of a head fake move.

 This is the SPY from this morning's triangle and the resistance line is above in red

This is the intraday as it crossed above the resistance area.

So far this is the TICK channel, these are two of the early indications I'll be looking at, if they start coming in as a head fake move, then this trade starts to look a lot better on a downside move.

I tried to close the IWM position, so far that hasn't gone through on a fill, but will continue to close that out and will be watching a few others.

I'm going to be putting up a precious metals update, but right now we're at a transitional area, when the first strong signals in the market intraday come in, they should come in with PMs as well