DansGoneFishing

Keep your Eye on that Orange Line!

Long
DansGoneFishing Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Special Note: Please excuse my 2-year old who was having tantrum and screaming his lungs out throughout the video - so sorry about that, lol

In this video, I simply point out a very reactive trendline - especially after every time that we have been rejected from the ATH trend line (in blue). Will we come back up and tag it for a 7th time? Will the be the retracement followed by a continuation to the downside? Possible target areas are $397-$400. What do you guy think?
Trade closed: target reached:
I think that was it guys, lol! I think this was the extent of the retracement... most likely, it's down from here.

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