SPY sitting on the weekly downtrend line

9 May 2018

SPY sitting right on the target for another lower high on the weekly downtrend line.. can the bulls push through and close above the trend? Or do we tighten up more until reaching breaking point. Mid 268's was/is my shorting point with a target of 262-3 (still) and at stop over 271.30 - R/R 2:1 If the EQ tightens more than that, this will be my last play within it. Over 271.30 I swing long.