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What will happen when this breaks? $spy
My best gues it wil break downwards as 1) it’s overbougt (rsi), 2) it has no momentum (adx) 3) it’s running into major resistance and 4) it looks like an ending diagonal.
Buth more important, a break out either way will most likely be a strong one.
So I have my stops on both sides open!
Buth more important, a break out either way will most likely be a strong one.
So I have my stops on both sides open!
Nota
Nice breakout on the long side!
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