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.
Charlie Rose: Jack Ma, founder of Alibaba
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