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#SPY : FED put working for now

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY)
5
7
trendanalysis chartpattern spy
The horrendous 10MM jobs lost in past two weeks and today's unemployment at -700k appear to have no effect on the directional movement of #SPY. Though volatility is high. Looks like the FED put as a backstop is working now.
The indicators are leaning bearish but confirmation of next bearish move will be when #$PY closes below 244.7
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