Replies to post #319377 on SPDR S&P 500 (SPY)

[Wishthiswasmyjob]

Nice chart, good eye...
That's the same downward channel I see, with solid downward volume here in June.
Continually dropping further away from the 200.

Give me 142+ and I add the other half of the position...
Maybe on a spike on tomorrow's open?
Just thinking to sell the spikes of the channel and let it come back down to the line and below.
We really haven't seen fear and reality come.

Also thinking the June overhead resistance may now become a factor...
Plenty of longs still in the red here.

Every time I feel the quarter end and holiday coming should help us launch,
I then remember reality and how economically ugly it's all gotten.
I just don't see positive and favorable business conditions here.
Everything seems to now rest on artificial stimulus.

[ashy2classy]

IWM Stuck between 50MA and 200MA on the 60-min and just below the DT line.

http://schrts.co/ADVAUdfW