SPDR S&P 500 (SPY)

[learningboutinv]

$NASI and $NAMO looks like we have more room to fall. On a daily time frame the $NASI appears to have a negative divergence. Although ST with the Mae/Mac bailout we'll have a bounce followed by a lower low is my thought.

-1000 to -1100 looks like a good entry for longs coupled with -50 to -55 on the $NAMO, and -200 on the 5%/10% index.