SPY Fails Backtest Again, watch for 108.2 to hold

SPY Fails Backtest Again, watch for 108.2 to hold

SPY is backtesting trendline A again. Yesterday SPY backtested trendline A, failed and dropped to 106 to fill the gap up. Today it appears that SPY just failed the backtest with trendline A and is proceeding to drop. However today I am skeptical that it will drop as far as it did yesterday. In particular is SPY can hold 108.2 then I expect SPY to continue upwards to 109.35.

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