Overnight attempt to breakout and consolidate above SPY 290.

29 Nis 2020

This second attempt to breakout and consolidate near 0.618 retrace will be closely watched. If it fails again, it could start selling with a double top. Big money must feel confident to retry so soon. If they can hold 290 by close tomorrow, it will start a move up to 0.786 retrace and higher. Doesn't make sense, doesn't it?! Yup.