SPDR S&P 500 (SPY): You, You ask me when you short.. Toda...

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Tuesday, 06/30/2009 1:45:32 PM

Tuesday, June 30, 2009 1:45:32 PM

You, You ask me when you short..

Today's market action concerns me. The fact that it could not go higher than 930 SPX. We have to watch this new channel closely. Theoretically a short signal is out since it fell out of the previous channel. At the same time I will be watching the AD issues. At the formation or break of the neckline, there should be a deterioration of AD issues. If the H&S materialize, it will indeed be a turning point.

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