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soltzman

MARKET WIDE CRASH ??! SPY about to go down ??

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
soltzman Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis SPDR S&P 500 ETF (SPY) spyshort S&P 500 (SPX500)
5
7
trendanalysis spy spyshort spx500
If we close this week below this trendline, market wide correction will happen and it will last for many months. Time to sell is now.
Daily chart will confirm the trendline loss today (we got some bearish divergence too) so imo, time to sell is today (maybe load your shorts ? :)
Comment:
Confirmation of break down is always indicated by 2 candles under.
In our case, the second candle closed above, therefore, the uptrend continues.
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