AMEX:SPY   SPDR S&P 500 ETF TRUST
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Important to know what's really going on with Price. Not what the media is trying to stuff down your "pie hole"

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Or in this case, "SPY hole"
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The "Mountain Pattern" to the left has completed. One would suspect a Valley get put in now. We'll need to see if it consolidates and breaks to the upside. Or, fails and continues to stair step downward. Big fan of path with the least Resistance.
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That's a real interesting find Fibline! So basically, it's all dead cat bounce. Do you expect a 2nd shoulder formation before breakdown?
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