AMEX:SPY   SPDR S&P 500 ETF TRUST
3 Scenarios for the S&P 500.

1. The blue lower bound trend-line breaks and we see a sell off. Wait for better stock prices.

2. Same as scenario 1, but its a stronger more immediate selloff.

3. Bounces off of the lower bound and continues its uptrend.

Waiting and watching the lower time frames to see what plays out.

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