If SPY breaks above the triangle on 5/14, it could form a butterfly and retest $286.63.
There is a good chance for it to turn bearish at MA50.
A possible call option play or sell some puts.
It is a rare find in this market.
Do you think it will reach $272?
It broke up from the triangle and heading toward all time high.
It is important to hold above the line in the next few days. Otherwise this is a bull trap.