$SPY update. 737 today. down 0.9% on the day. took a step back to look at the bigger structure. for the last 3 weeks SPY has been building a symmetrical triangle between the early june high at 760 and the mid june lows around 723. the level that matters now is 732. that'ss the 50 simple moving average and the top of the prior triangle. holds there and the breakout is real. loses 732 with volume and the breakout fails - then we head back to 723 and possibly to 715... where we BUYYY. i'm not patient. i'm watching. the bigger move is into the weakness window I called for july 10 next signal is the next buy. ill alert.
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