Snapshot from recent SlopeFest Japan

By -

0527-japan 

Morning, everyone. Goofy pictures aside, we're right at the cusp of what could be the breakout of the SPY above 109.47 that I assume everyone is watching. That resistance line is acting as a cruel tease for everyone. The right shoulder of this IHS might be more complex/messy than ideal. At the moment, I'm still almost entirely short (although light), so I don't mind waiting a bit.