SPDR S&P 500 (SPY)

[USDollar]

no matter what the bearishness and what's broken you have to be realistic that they/fed/market can undo that given negativity without exception. On smaller time frames it happens all the time at least weekly and it can also happen in bigger time frames.
The big question is how to handle a re-reversal. I have some of the answer not all of it but better something than nothing. We do have to be mindful of painting and repainting of charts and how the bots might respond.

About the quickie they pulled two days in a row at EOD, that was not much compared to what they did in OIL. They sold the oil back into the ground while driving season was high with high demand, and now when driving season is over and demand drops while supply is high they jack the OIL like maniacs. They have no scruples who they rape financially.

About history being in our side, I don't think so. I think you should be VERY careful there. It was proven they play us like a violin. They know we look at history and past patterns and make half of the pattern to induce you to take action and then slam you with a different pattern taking your money. This Friday was NOTHING like last Friday among other things.
And to top it off, the fed is like never before QEing us when they feel like it , and to such extent that makes high liquidity ETFs like SPY feel like penny stock. History didn't have that before, so it's reasonable to be VERY cautious, no history as far as I can tell unless you mean history of ripping it upward out of nowhere and best when news are bad.

Yes it seems like the market has topped and will roll over pretty soon, but as I said before and above, we can't take anything the painted charts show us for granted and with absolute certainty.

I don't mean to instill doubt, but just a dose of crude reality.