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SPY Break/Hook/Go

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis SPDR S&P 500 ETF (SPY)
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trendanalysis spy
SPY broke the larger downtrend but appears to be losing momentum; looks ready to form the hook back to the trend line (where there happens to be the convergence of the 200 EMA and 50 EMA, and a major fib level. About 2% downward drop before we get the larger rally? Retail tends to hop in after that golden cross prints...

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