Mik3Christ3ns3n

Mik3Christ3ns3n

Yesterday, as predicted, the AMEX:SPY rebounded from the primary trendline and is presently displaying a 0.56% gap above the previous day's close. Although a retracement to fill and examine that gap is expected, I anticipate a continued upward trend in today's trading session.

Mik3Christ3ns3n Updated 

The SPY has completed a throwback from the primary trendline, however, this morning's pre-market session is pointing to a gap down below the trendline. I'm looking to see how we open and will be looking to the USI:ADD to determine market breadth impact. A break below 390 could put us into further declines as it would also break the 100-day moving average.