Expect some volatility.
This Trendline goes all the way back to the year 2000 top.
We have broken through it on QQQ but QQQ usually breaks through its Trendlines first then Spy.
Backtest/ false breakout QQQ
Rejection SPY
PT 507 Monday 3/04
438 QQQ
Pretty much the title. I think we have some unfinished business around 420 but to get us there they will trap bulls and bears alike. I like this prediction for PA because it provides traps for all and touches major zones of liquidity along the way!
Most of these are multi-month trendlines. Spy will keep respecting them to a certain extent. Use these for backtest and go method or play the rejections/ bounce.
