Bull Flag pull back to 50%

For directional traders like me, times are not easy on the index ETF for the last week or so. Long range day, but not much directional day to day movement.

Today is no exception, but the pull back is decent to 50% from the high couple weeks ago. Remember the giant drop to broke the lows.

There is a misprint on today's SPY chart, it should be a red candle all the way to 50%.



I am looking for a small range day tomorrow, hopefully a doji and break out on Monday. Wishful thinking. The recent bounces have been a higher low and higher high AND Inverted Head and Shoulder Breakout. So my 1-2 week posture is still bullish, having said that, I still trade bullish stocks in bullish market. And pull back in the market are watching days, not action days.



shorts:
longs:

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