Welcome fellow traders! A quick recap of what's happened so far today with the SPY, as we can see it's going for a retest of that strong support of 264. At the moment on the 1 hour chart it has tapped and surpassed that now resistance level. This is an ascending triangle it has formed on the 1 hour chart meaning the break signifies upward momentum BUT if it comes back down and doesn't bounce of the support but breaks the bottom portion of the triangle, it can continue down. Now keep in mind on a more broad outlook this chart shows a descending triangle (on the 4 hour) which is usually bearish but a break of the top could show some bullish moves. As always play conservatively in these extremely volatile markets. Remember to watch for very similar moves throughout the usual Blue Chips, y'all know, BBY , AMZN & AAPL . Safe trading!