SPDR S&P 500 ETF TRUST
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Top 5 Weekly Trade Ideas #3 - SPY Bull Flag

SPY filled its gap right before close and looks good for a bounce here if you ask me. If it does bounce tomorrow I'll be looking for a break and retest of the bull flag for a move up to ATH. Downside targets would be $602.50 and $600. $600 would be an enticing long, but starts to look more bearish if it breaks below.
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This is an entry target here at the lower end of the bull flag and around horizontal support at $602.50. Too bad it is late in the session before CPI. Would be cautious but looks like a good opportunity.

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