On fool's day, SPY broke up triangle consolidation and retested upper line, so today's up move is expected. Today's CPCE<0.8, so we may see another up day tomorrow.
In 3 months' chart of SPX, up channel is still working.We are in wave 5.
In longer term, QQQQ already broke pre LEH level. Will SPY follow? Now, SPY is in wave 5.
My trading plan: Hold SPY shorts openned @115.9. Wait for clear reversal day with follow through, then all way in short. 3 lines to watch, SPY 119.6, 122.5, 126.7
