The Myriad of trend lines

Let me draw some trend lins this morning. Here is the long term SPY. TK talked about the forming descending triangle, that is that Red Line up there.
A Shorter term resistance and Likely resistance For today on the spy today(Assuming we uptrend) is that 3 day descending Trend line(Yellow). I did "Fudge" that line a bit Instead of 3 points to make that line there are only 2... and I ignore a point. Another interesting point is that white line, These Odd Trend lines come into play a lot, surprisingly, and is probably the highest Level of resistance we will see today.Though the pink line could, if we go parabolic. be one to watch. Here is a Closer view of these lines.

The XLF

Thes are much more manageable resistance lines..... Showing how much more healthy the xlf is Relative to the SPY. We could easily hit that red line today. The only tricky ones to draw are the ones that correspond to the ones on the horizontal that you draw Through the middle, that we call resistance.... Like the Light and dark blue in the chart. But My rule of thumb is to make sure there are 3 points in those lines.... If we get an uptrend we will probably see it follow the Light blue line.... If we break the white line, in the first bit of trading, I'll be worried, and tempted to start throwing shorts at the market. But the white line, I doubt is going to be very important... and it has such a low linear regression, that it won't be useful except the first hour.

Watch out, some of the data in the charts are post market trading, so that throws the "look" off with the Ticks past 4pm.

I'll try and keep these line in my charts today