$SPY Thoughts going forward: There was no accumulation during this previous multi year consolidation like there was in 2015. So as opposed to going essentially straight up with low volatility like 2016 and 2017, I expect much different market environment. In the same way we broke the RSI downtrend resistance in October with huge dark pool prints (blue line)we have reached a new strength resistance level. The easy trade (long the 302 breakout) is over. It should be a fun year with less directional bias.
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