$SPY BULL FLAG OR BULL SH!T

Found a repeating pattern starting to form. 2/21 bull flag to full form on 2/29 and bounced off the $504.50 support and continued to run for a couple weeks. A few key things to look out for to confirm a buy for me:
- PA hits $519.50 and holds
- Wait for squeeze meter bar to engage (Black plus sign)
- Holds trend line

Just a reminder, we are hitting ATH on SPY weeks in a row and could be a medium to high risk play depending on the value on your options that you buy. IF my checklist hits the I am looking for at least 2 weeks EXP.

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It does look like price hit support in pre-market and bounced. Waited all day to see if it would revisit but looks to be holding up. One of my key indicators still has not activated (BLACK PLUS on meter) but decided to get a small position for small risk. May load more if that last indicator decides to show.
$535 C 04/05 exp

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Starting to smell like Bullsh!t haha. Crazy dump in the afternoon. Broke the $519.39 support and triggered my stop. Had a feeling since my last indicator didn't hit (Still no black plus). Will continue to watch and see if bounces back into trend line. Could be a set up for shorting.