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Mik3Christ3ns3n

One last test of the primary trend?

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Mik3Christ3ns3n Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis
2
0
trendanalysis
The SPY has completed a throwback from the primary trendline, however, this morning's pre-market session is pointing to a gap down below the trendline. I'm looking to see how we open and will be looking to the ADD to determine market breadth impact. A break below 390 could put us into further declines as it would also break the 100-day moving average.
Comment:
ADD printed -1800 companies in the red at the open and the SPY opened with a -0.35% gap. I'm watching the bids to see if we find support right on this trendline.
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Mik3Christ3ns3n
A bounce from the primary trend confirmed.
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