SPY. The drama just never quits. Now we have this very mature pennant or ascending triangle and the mystery will be solved very soon. The last time we went through this-- two weeks ago-- the SPY broke out to the upside.
Is this a consolidation, or will it break down. Eric votes break down. I still think it will pullback a bit from here, probably back to S1 93.50 or so, but after that, who knows? A break below the cyan line would be a deal breaker, but the thing is that this could happen very fast with a panic move. Be careful.