TTMTrades

Temporary Top in at $392.50

AMEX:SPY   SPDR S&P 500 ETF TRUST
30 Minute Chart (Left) PMO has begun to fade and crossover its averages showing a temporary top is in for the moment while they SPY adjusts and consolidates at this level. 2 Hour Chart (Right) PMO is still in tact so the trend is still upwards, would look for a pullback within the 2 hour charts bands currently established as the BB Width is falling below its averages showing that the upward momentum has slowed down. Good Opportunity for a short term pull back play, to better position yourself for the next leg up. If the 2 hour charts PMO fades confirming the 30 minutes chart move, then I would look into much deeper pullbacks that correlates with the daily chart.

To The Moon Trades
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