SPY Update

As suspected in the last few updates, it seems like they may be trying to pin the SPY $135 calls. The upper trendline represents a breakout from the triangle, which I still believe is highly likely, it's just a matter of timing at this point. As you can see, we still have a H&S intraday top, which could provide a move down, then we'd have quit a volatile shakeout. In any case, this is where we stand. The breakout point is the golden opportunity. We'll just have to patient and see how this plays out.