SPDR S&P 500 (SPY)

[Footquarters]

NAUD Signals and the NDX





Here is the ABC Down structure if they don't take out 2000. Noticed that the SPX and NDX are at major MA on the daily, so given the tradable long signal, I am treading lightly till we break the swing on both. The next down should take out the gap, before we reverse. The rule being, forget the gaps if they don't take them out within 5 days after they develop them, but they do give a great target for any big down move. Guess we see what they throw at us. BTW, am not a bear, just reporting what is being reveale, would be a bull over 1375 SPX.