SPDR S&P 500 (SPY)

[optionslearner]

THE TREND IS STILL UP!


There are going to be Dips to Buy for Traders along the way; But the Trend is Still UP!....Paul Tudor Jones talks of the importance of the 200 Day Moving Average as the Number 1 indicator (Google it and read)....So as for SPY it seems that we are still in Upward Trend and as I posted about the pullback to 204; That could have been it and now we go to SPY 210....My Last 3 SPY Pullback "Guesstimates" have been very close and we will now see if this one plays out accordingly!

ALSO....For some Interesting reading you may want to Google Ted Butlers latest article on JP Morgan and SILVER....Something to think about....As I posted previously that SILVER could Move up just on regression towards Historical Mean; and if the Ted Butler article is accurate it seems SILVER could move fairly Fast if/when it starts to breakout....First would be a Breakover the 50 MA and then a confirmed Breakout would be over the 200 MA; Which could take some time but SILVER is very volatile and often can run fast!

SPY 210 Coming soon is My Guesstimate!!!