Fat pig to slaughterhouse or breakout of range?

We’re basing and filling in the handle — the more we test it the greater the chance of a break-out.   That being said everytime the bulls have been excited for a break-out they’ve been smashed over the head, but seasonality is bullish and patterns are looking better.      $SPY 127.4 zone/top of channel/200sma will be the test for the bulls.