SPY 2014 - 2007 (Weekly Pullback Comparison)

14 Okt 2014

For those Bears out there, keep an eye on the Oversold level and the trend on the weekly chart. Certainly this looks bearish on daily. But can have a severe snap back when the sellers are satisfied. There will be more down side before this snapback happens. A trend reversal without a transition period is just impossible. No matter how worst the market gets. That's Just My Opinion.