SPDR S&P 500 (SPY)

[trendzone]

Bright red S&P futures down 30 points, $VIX close to $16.00,$SPY sitting right on its 100 day EMA, if it doesn't hold it, and starts to break down below it,and keeps grinding lower, it just might not find support until the 150 EMA around $430.67, the pumps fantasy that the Feds J P was going hand them a hall pass yesterday, to go on a pumping rampage, has been wiped off the board, and the reality of a over valued market is taking hold, and could have to deal with, not just one more rate hike, but with no one knows for sure when all hikes risk will end, the Feds comments yesterday they will be sitting on a fence for sometime to come,and will keep hiking if they believe it's necessary, wouldn't be surprised if corrupt Street now has most of their algo machines of manipulation,all programed in the grind down mode for some time to go.