Yes, and there’s 4 <span style="color: red">red</span> days in a row prior to today. THAT is rare for SPY, so it should give way to a geeen streak , and the overarching 9 ema (S) trend also seems to suggest the red day stream should break . <br /> <br /> <b>HOWEVER</b>, I think this reversal is limited in size and duration. In fact , watch for the double top on the daily, because.... <br /> what’s even more salient , well two things really , both on the monthly. <br /> <br /> 1) the 9 ema is almost touching the upper B.B. , and as spys entire history shows, the two cannot touch. So there’s two ways that condition can be avoided , either the upper B.B.’s altimeter goes even higher , or the 9 ema suddenly and sharply falls. Since Spy is max OB on the monthly , on all indicators , then it seems likely that Spy can’t go much higher without a correction. <br /> <br /> 2) If Spys monthly chart we’re a snake, since August 2015 spys Monthly candle chart is a giant green snake with just four little red bans and two of those bans are so narrow it’s hard to even see the red.