MarketSwingPlayer
Short

SPY - Price touched the trend-line and was Rejected

AMEX:SPY   SPDR S&P 500
161 7 0
SPY             - Price touched the trend-line and was Rejected. Price may fight to go back up but will definitely have pullback. Evening star reversal. Bearish engulfing and pullback confirmed on Friday
Probable Price Action on Monday,
snapshot
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Price action confirmed down trend and pull back today.
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Risky: Probably it is best to wait until after earnings announcements to decide direction of price. Market is moving based on earnings. Solid Companies like PCLN, MA. Let's wait for a low risk opportunity.
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Do end of month fund managers make stock go up? Just curious. If so we may stay up till next month. Any thoughts?
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osci MarketSwingPlayer
ususally this happens. this time the not so good earning season could influence the market. on the other side, the faster the fonds go up the better and let after that move all come down and rest...just thoughts. i use this link collection to get a bigger overview what happens:

http://stockcharts.com/h-sc/ui?s=%24NAA150
http://stockcharts.com/h-sc/ui?s=%24NAA150R
http://stockcharts.com/h-sc/ui?s=%24NAA200
http://stockcharts.com/h-sc/ui?s=%24NAA200R
http://stockcharts.com/h-sc/ui?s=%24NAA50R
http://stockcharts.com/h-sc/ui?s=%24SPXA150
http://stockcharts.com/h-sc/ui?s=%24SPXA150R
http://stockcharts.com/h-sc/ui?s=%24SPXA200
http://stockcharts.com/h-sc/ui?s=%24SPXA200R
http://stockcharts.com/h-sc/ui?s=%24SPXA50
http://stockcharts.com/h-sc/ui?s=%24SPXA50R
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Thanks! :D
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Price touched the trend-line and was Rejected. Let's see if another attempt to highs before shorting.
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