SPY Volume Spike -Early Warning?

I am definitely not going to bet against this market yet, but it is important to step back from the run and the buzz and be aware. The markets may just have healthy consolidation coming. But on the other hand, when prices are this high it doesn't take a disaster for it to pick up speed to the downside. It is impossible to predict accurately with the information we have how the markets will retrace, but if you study your charts and trade patiently you're sure to take advantage of it.

Comment:

The Bulls called me crazy, which is true; but the early warning lead to an awesome trading day. TA does not tell the future, but it does tilt the odds in your favor when used correctly.

Happy trading,
Charles