THERE IS A TIME TO BE LONG, A TIME TO BE SHORT..

SPDR S&P 500 ETF TRUSTArca

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⋅ Apr 6, 2016 3:16 PM

.. and a time to go fishing.

And that is basically how I see the situation right now, at least for SPY. The main rising trend channel has broken down and there is, in my opinion, not a good timing for taking on new positions right now.

SPDR S&P 500 ETF (SPY) go_fishing