IanLip

SPY still not looking good

AMEX:SPY   SPDR S&P 500 ETF
48 0 1
Hate sounding bearish as I still have hope to go higher but not liking what I see lately, this market needs to show some strength in order to prove this bull is still healthy and not tired, or worse ... over.

Last chart I posted I was hoping the market would complete a bullish gartley , it did not, instead it is now showing a possible bearish gartley . If we start to fall, hopefully it will be just a dip and we will stay above the trend line.

The good thing is the CMF             is back in positive territory.

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