The SPY is testing 198 (previous ATH) for the third time. A break of this level can lead the the SPY all the way to the top of the trading channel and to the important 200 level. Two short scenarios - One from current ATH level and one from 200 if the SPY will reach it. The two scenarios present a very good R/R. If you want to read the full analysis and more analyses I prepared in the Weekly Markets Analysis newsletter, click on the link below marketzone.tumblr.com/post/92330021820/weekly-markets-analysis-20-7-14-forex-and-stocks
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