SPDR S&P 500 (SPY): Agree... it shows all the signs of a pot...

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Re: risk on post# 226158

Sunday, 01/22/2017 10:01:09 PM

Sunday, January 22, 2017 10:01:09 PM

Agree... it shows all the signs of a potential break lower.. considering nobody has taken the market further... considering the Dia can't break the 200 mark... after trying for many days then breaking lower... but after all that I don't hold much faith in either direction considering we could rush back one way or the other at this point... I think the market is just waiting on some sort of confirmation of what to do... and looking at the spy weekly chart... considering this is spy we are talking about... we could see 218ish (mid bb) and bounce and still have an uptrend intact... so there's plenty of options going forward... no pun intended... smile

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