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alleytrader

SPY and things, what could they be doing

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
alleytrader Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance ES SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) Indices
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supportandresistance es spx spy indices
There is a down channel that now has just brought us back into a very big up trend.
Today will be looking to see what the market is going to do in relation to last week.
Last week we had negative month, negative week and negative day after day.
Today has anything changed? Only thing i have to ask my self.
Comment:
Opening as a inside day, so do i know anything yet?
Comment:
snapshot
This is the area i am watching to tell me more than i know. Move below red lower line confirms the bigger picture. A break above that stays above confirms the smaller time frame is testing a retrace up.
Will trade with the internal daily info, sticking with the prevailing winds.
Comment:
will short shallow bounces. opening new chart when i do
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