SPY is currently sitting at the top of this short term price channel with negative divergence. The question is do we fall from here or will positive earnings be enough to breakout and melt up higher. Generally I would short at resistance but with this market I am leaning towards a breakout that turns into a fake out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.