So as I've been observing the SPYders the channel has been obeyed the whole time. My theory is that it will likely reach 425 and then go sideways for a while.
Consider the fact that this is a daily chart so the moves are more subtle. I would think once it hits 425 it will go sideways between 420-425 until next Friday and then rally.
Consider the fact that this is a daily chart so the moves are more subtle. I would think once it hits 425 it will go sideways between 420-425 until next Friday and then rally.