IanLip
Short

SPY at a Crossroad

AMEX:SPY   SPDR S&P 500
Which way do we break? Do we bounce back up into the cloud and hit 207 next week or do we stay under and fall to 200 area?

Gun to head I say down next week but I'm not betting, I'll observe for now and just sharing what I see.
so this never completed, but I'm still net getting bullish yet or back to being bullish yet as I still see some danger signs ... mostly cash and being cautious is a position.
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we got a little bounce but the CMF didn't move up, typically not a good combo, but still we'll see, still not convinced either way
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