GUMBY9662C

SPY Broke Intermediate and Short term Trends

AMEX:SPY   SPDR S&P 500 ETF TRUST
I can't deny we might see chop into earnings season but SPY Momentum is broken. We are not likely to see another uber bullish up leg. I am not about to say the market highs are in, I am saying right here right now the Momentum phase are broke. Spy is still on the bullish side of the intermediate line but the short term trend destroyed.
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