If the SPY fails to break above $584, it will face resistance and ultimately decline.
"if the Spy can't get above 583 let's just call it 584 if you can't get above 584 it is going to hit resistance... ultimately Ely come all the way back down here"
The current market 'bull trap' phase will continue until SPY recaptures the levels of $590 and $5614.
"you will be in this bull trap season until we recapture 590 5614 you got numbers that's way above that you must recapture in order to stop the downward Trend the consistent bull traps you're going to see"