For Followers

I want you all to take a look at the chart and notice the gaps. There is one large order block which will act as support for spy which may lead to two situations.

1. The buyers find support at the level and the price rejects to the upside forming a possible double top

2. The buyers lose the support at the level and the price heads straight down to fill the first gap at the very significant lower $500 ranges.

I might be looking into shorting the possible "top" on the year into "sell in may and stay away". I will post more research and ready a position. The most optimal entry point would be the double top or if there is a bear flag forming on the daily. Remember, the higher the time frame, the rarer and more confident patterns become. Thats not with all patterns, but the most recognizable ones yes they tend to play out with a higher probability.

Just another serving of food for thought