Top 5 Weekly Trade Ideas #5 - SPY Trendline Test

Yet another new ATH for SPY today. Still flat on the session. It's been some pretty brutal chop for the last few hours. It remains to be seen if SPY will be able to break above this trendline or not. If it can, I'll be looking for dips and retests for longs.

Otherwise, downside target is $600 and then $596 if it keeps going. Hard to pick an upside target with blue skies like this so will be looking to take profits when I get them. Getting a long near $600 seems ideal.