SPDR S&P 500 (SPY)

[Sean Portman]

It collapsed to some support though. Let’s see where we end up. I’m in cash so either way works for me. I was expecting a down leg to fix the daily chart. Very possible this started the second leg (C) down for an ABC finish. This one could hurt for the unprepared. But it might be a complex 1-5 up/down to maybe about 300.
Or we get buying pressure and it stabilizes. Too many rope-a-dopes this year to say it’s not possible