Replies to post #346409 on SPDR S&P 500 (SPY)

[letj21]

My main issue is that there is an infinite number of ways to subjectively draw horizontal support lines (and most all other types of TA for that matter). Essentially, what works for you may not necessarily work for me. Here is an example of a bunch of trendlines I could easily draw. Maybe they're all right, maybe only some of them are. Who knows, and honestly, who cares. If you have something that works for you, good - stick with that. I appreciate the input, but I am sticking to a wedge break as the chief important level until 440.