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optionflow
Nov 8, 2015 6:25 PM

$SPY $ES_F Monthly Chart - We're in trouble..  

SPDR S&P 500 ETF TRUSTArca

Description

You have to take a step back an look at the bigger picture. We at a 161.8 fib level after lots of capital injections and taking interest rates to zero. Money flowing out since mid 2014 and declining volume. You will also see sell volume is greater than buy volume. . VSS is still intact on monthly chart and triggered in September. Looks like lower highs on all the momentum indicators. This is a bear market..
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