ChristopherCarrollSmith
Long

S&P 500 outlook still positive until channel break

AMEX:SPY   SPDR S&P 500 ETF TRUST
Today's dip will scare a lot of investors out of the market, but keep in mind that it's a Friday and Fridays tend to sell off. The S&P 500 is still in its upward channel. If market sentiment truly turns negative, then we'll see the channel break next week.

Very True, Spy is hardly falling through the floor
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