Since yesterday morning, a channel had been forming on the SPY 10 minute chart. It was a nice downward channel that continued to bounce off the lower channel trendline and then hit the upper. These patterns break to the upside about 90% of the time and can be used as a great trading method for making money. The key is to understand that once the break is made, the technicals signal a move and traders pile on the trade. This send it spiking higher like the below example. Learn the channel patterns and make money.
