Spy is filling an old gap

Looking a spy on the 1 day chart. You will see a BOS leading to new lows. This should be nothing but a market correction. If you go back a few weeks on the same chart you will see some instability in price. When spy was moving to new highs. Spy appears to be going back and filling in the area and stabilizing price before moving to back to highs. This also appears to me be in correlating with a new president coming into office.
Trend Analysis

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