SPDR S&P 500 (SPY)

[risk on]

True ( not the sexy part), there is no rule book on what SPY “ MUST “ do. It can be double edged though, as in, no rule saying SPY has to stop at a double bottom. I think we do see new low, but not in the way some expect. I think we see drop in next several days , that shakes the heck out of positions, but holds at a key S level, or close to ( part of the shake ) , then a move back up ( possibly new high of this drop ) , drop back to Apx S level spoken about, move back up, then DROP. Just a ball of spit though.