Bearish possibility, Bear Ascending Triangle

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One of my friends on discord brought this to my attention (Jesse). Just wanted to share. I was very bullsih on SPY, how ever after seeing this I am not too sure. My reasoning for being bullish is that I saw a bullish Macd divergence in the daily chart, however, that could have easily ran its course even though it has only been 7 trading days from that buy signal. I think Monday or Tuesday will be the determining day for which way SPY will go.