Symmetrical continuation triangle. Would be signaling an extended run up. This would likely play out with positve reaction from the fed rate hike tomorrow along with big tech earnings being positive like the fang stocks and apple reporting this week. It looks like a bunch of bullish things could be set up to happen nicely. Although!! The market tends to do the opposite of what you think will happen at crucial times likes these especially with high fundamental reasons effecting things like the fed results. It would make sense for the spy to come down some before rallying up again and it could also just keep going. What does anyone else think??
Comment:
called this bullish breakout