SPY could still on its recent uptrend channel since Feb and supported well by its daily 100dma stockcharts.com/c-sc/sc?s=SPY&p=D&yr=0&mn=11&dy=0&i=p55889411466&r=2390 images.investorshub.advfn.com/images/uploads/2010/2/27/csuis1A.gif