TRADING DP

[TREND1]

2/26/16 The SPY appears to have broken out, but it really wasn't a successful breakout because the close was on the support/resistance line at 195.

Conclusion: Indicators are lining up to reach overbought extremes at about the same time. In order to clear those conditions, a serious decline will need to occur. Be aware that the 'breakout' above overhead resistance on the SPY was likely false and could catch you in a bull trap. In the longer term, I wouldn't be looking to add to my positions, more likely I would continue to pare them down and tighten stops