Replies to post #48932 on SPDR S&P 500 (SPY)

[Footquarters]

Warning Will Robinson! LOL







Yep, we can also rally for a while at that level. Basically that says if we aren't in a bull rally then there isn't much more upside that we can obtain, similar to the A/D I have on the site chart. Divergences above support. With the inverse head and shoulder pattern, basically we have to stay above 1380 before I put on the bear claws, that would indicate more downside. Today will be interesting as we could go either way. I am just looking at the charts, did one trade yesterday, shorting and covering at 1405 SPX using SDS. Pretty busy right now with R.E. so very limited to the board, but hoping that this week I will have more time.