SPY Notes

Good morning everyone! I hope you all enjoyed your weekend and are gearing up for another week in the market. Thank you all for the support on the previous notes post. I know it was a lot to mention in one article, but I hope I was able to make my point on the levels well enough.

With that said, something again caught my eye on the SPY 1 Hour

This does look like a reversal structure forming on the 1 hour. However, it's shape is so unique that it's hard to really tell if it's bullish or bearish. My first initial impression was that it is bearish, however noticing the retest and rejection off of the top trendline suggests to me that this could actually be bullish.

My point is, I think we will see a larger move to either side very shortly. So be careful trading and I hope you all make some thick cheese on the day!

There will be no article today, however I might have some time tomorrow to write one. Again, I appreciate all your support and good luck trading