SPY weekly.. i49.tinypic.com/2l9v1h.png 2 days ago analysis was correct, compare here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50327084 Interesting behavior yesterday was that SPY liked the 111.20 area which is ema34 (purple line) on the weekly. imo we see 108 area today, it is trying to get to the sma50 (white line on weekly)