CAT has confirmed the predicted move down (blue line), and this update suggests next 30 days. Note the mid channel moments of action (blue circles) along mid channel trend lines (red lines). Once again, 92.48 (small red circle) may prove significant, and could confirm previous false break out above 92.48. If we get to 87, could be putting in the left shoulder IHS previously posted month ago, which would repeat 2008 and 2011 - IHS - on previous charts. This false move above 92.48 would also confirm the "I smell a rat" theory posted previous charts on SPY, not believing the strength of the last move up. BTW, Bulkowski's chart indicator, just changed from green to red, calling for a 2030 SPY by mid January.