Potential Swing trade on SPY

Spy has been following that trend line to a tee. Going to wait to buy down at support or maybe the retest on a breakout. You can actually argue that this bearish move is the retest of the recent breakout so I will pay attention to a bounce somewhere in the shaded area. Could be a very strong support to buy with horizontal support as well as trend line support. Great opportunity to buy the dip or wait for the bounce off support.
Chart PatternsTechnical IndicatorsTrend Analysis

Penafian