All that glitters IS gold

This chart is screaming for a breakout

The SPY is screaming for a retrace down

We are waiting for a confirmation breakout above the upper yellow resistance line at which point we will enter a long towards the targets set forth on the chart.

Best of luck traders

Note

Were waiting for a confirming breakout above the upper wedge before trading. This idea is still valid . . .But not yet entered by us.

Note

This is looking ready to GOGOGO.

We appear to have broken out of the wedge on the weekly. We need to keep an eye on this. Would like to see a little more movement out, followed by a retrace and a support at the wedge line as confirmation of the 'breakout'.

We will update everyone if we enter the trade.

Best of Luck.

EricStoner

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EricStoner