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is this the breakout? clearly not, but maybe soon (SPY)

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) indextrading etfs
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trendanalysis chartpattern indicator spy spx indextrading etfs
weve crossed back below VWMA and rsi diverged bearishly coming off overbought. we will need to see qqe short entry dry up before broder markets come back. id imagine we end the week lower, maybe under 422, and come back up next week to complete the breakout. otherwise, if we break 414 and test some area below resistance trending lower, we could find ourselves down below 400 soon.

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almost outside up week for spx (SPY)
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