$SPY Todays post is about how the bulls can survive to see one more high AND about how the top can be in. This isn't about me being right either way, im just passing information along. The most important note. The Weekly count remains the same. Regardless of whether the top is in now or we see one more high.. WE have been scaling into further dated $SPY puts & have cash ready to add if we see another high. As for the meat and potatoes.. How the Buyers can survive: A possible running flat develops here (see image 1). Demand at 749-759 holds & buyers quickly rebid the 50D EMA and thrust into new ATH. Measured targets would be 787, 797, 801 from there. How the Sellers Take control: This wedge is complete and the look above prior ATH was all the market needed to complete this diagonal. (image 2) Now the sellers need to continue to build price below the 50D EMA & there won't be much stopping this from fading into the 200D EMA. As a trader you should know, nothing good happens below the 50D EMA & if buyers can't rebid that Moving Average. Look out below. Again, i've been adding to $SPY puts for March of 2027. If things want flush now. Fine by me.. if the market wants to push for one more high.. fine by me, I'll buy more. Regardless, I can't be bullish up here more than I am bearish Enjoy the weekend lads