SPY 7/21 uptrend channel

Bear market relief rallies love to trap Bulls be careful out there. That being said I think the market is a little over extended might take a break tomorrow and chop up premiums good old theta killer day. I don’t have much other than the channel we are in. I like how the high of the day bounced off the -.10% on the fib, when trend continuation’s go they like to hit the -.272% which means 401 is in play until next Tuesday. As always trade what’s in front of you good luck