AMEX:SPY   SPDR S&P 500 ETF TRUST
Pennant

Watch for a breakout or rejection....

Vix is fighting on prior resistance now support.

Like I said before tech will lead the way ..
Spy will really take the leg up if QQQ jumps over 297.


If we reject and head lower , this pennant could turn into a bear pennant if we break support that would likely take us to 390...

Spy is neutral until it breaks out or breakdown.


I'm long with a 396 stop

Komentar:
50sma crossed below 200sma (Deathcross) on 1hour time frame today...

Go check the track record on how that played out last 3 times
Komentar:
400 is pennant resistance....
Things are looking bullish.. let's see what happens

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