At The Top of The Run? An Update on the S&P 500 ETF - SPY

 "To fly we have to have resistance."

- Maya Lin

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SPY D 1 June 2022

Price is trying to make a decision at Support turned Resistance in the form of TAOST Balance Zone and TAOST Context Channel. Due to recent behavior and principles of Support & Resistance, I suspect price will begin reasserting the most recent direction [down].

What I really like about this pattern is if you're experienced enough to get short, your stop loss level is both close and readily apparent.

Any clue what that is?

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