Night_Trader
Short

Do we have a high in the spy ?

AMEX:SPY   SPDR S&P 500 ETF TRUST
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We bounced 2 times at the upper trend channel line and could not hold the last high. And we have an open gap below, which could be a valid target. This could be worth a try although we are in a strong uptrend. So caution is recommended!

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Good analysis, however when it comes to the SP500 I think it is important to ignore all fundamentals and technicals since the FED is running the charts :)
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:-)
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