I guess ... some of you want some Technical Analysis

Of course you ask:

What School of technical Analysis do you use?

I like to refer to it as the Ninja Jūhakkei, School of Technical analysis.

If you don't know what that means, or how I interpret that philosophy. Mediate on it, is all I can say.
I have said before;

• We broke above the downtrend line on friday.
• When you end on the highs you tend to pull back the next morning at a minimum.
• I suspect the pull back will last no longer than 11pm/ But even a minimum pull back all day wouldn't surprise me, We have a Vacuum of information tomorrow, with few earnings, and we have no shortage of things to worry about.
• But, the Money managers have called each other and will have their meetings, and will probably decide to deploy some cash, during the week.
  
• There is a potential for a Bull Trap above the downtrend line.(Red Arrow)
  
• There is also the horizontal resistance at 88 on the spy(blue line)
  
• As I run all my targets and look at a nice confluence of events... A nice Bull trap above 88 on the spy seems probable.(Red Arrow)
• The targets I get mathematically are about 90 on the spy... But if we Game Theory that stuff out, Again I get targets in the 88-90 range, which sets up the Bull trap there.
• Beyond all of that nonsense.... We just play it day by day.. and we will see. Our next trap is for a Bull trap below 88 bull traps below trendlines are rare...
  
• all of this seems to be a solid play book for the upcoming week.