Two Paths

Not it appears we have a bottom formation in place, which fits with my analysis. The breakout of the formation is at $107.25 on the SPY, the breakout to new highs is the $107.65 level on the SPY. The breakdown of the formation is below $106.25. Whatever long you use and I suggests a leveraged long ETF, you may want 1/2 @ the formation breakout and 1/2 @ the new highs breakout.