Spy 4hr ascending wedge
The market has been pumped in a historic bull run for the ages. 
SPY has been green for 10 out of 11 days. Impressive. But the boys with the money are about to pull the rug and gobble up all of those nice retail dollars. A simple chart with a clear indication.
SPY is in one of two potential ascending wedges, both of which are steep and nearly out of room for the SPY to keep running. Volume has been paltry on 4 hour green bars for the past week. Yes, today's close formed a bullish candle on the daily, but just look around the market, there are setup opportunities for a reversal all over the place. Take this cherry picked example of the US 100 which came right up to the .618 fib and kissed it ever so gently:
Have weekly options ever looked so good?
SPY has been green for 10 out of 11 days. Impressive. But the boys with the money are about to pull the rug and gobble up all of those nice retail dollars. A simple chart with a clear indication. SPY is in one of two potential ascending wedges, both of which are steep and nearly out of room for the SPY to keep running. Volume has been paltry on 4 hour green bars for the past week. Yes, today's close formed a bullish candle on the daily, but just look around the market, there are setup opportunities for a reversal all over the place. Take this cherry picked example of the US 100 which came right up to the .618 fib and kissed it ever so gently:Have weekly options ever looked so good?
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