AMEX:SPY   SPDR S&P 500 ETF TRUST
i have been bear biased since the begining of the crash , unfortunately that has cost me alot . the uptrend is clear here the channel holding solid, every dip buyers got rewarded big. there is not sign of market reversal , once that happens the trend will change to downward, the fed cant keep money flowing in for ever once they stop , this will stop too. top of this channel stands at 422~ i naturally expect a pullback at these level . to lower part of channel or to mid line but like we all know it could easily jump over it and continue up who knows for how long?. good luck to every one trade safe
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this is i ment but expeting a retrace at 422 , good luck
Comment:
that is more clear and understandable , sorry for any confusion on the first one
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