AMEX:SPY   SPDR S&P 500 ETF TRUST
A few items of interest on this chart:
  • Double Top around 470
  • November Rally didn't quite get back to the top of the yellow channel
  • RSI and MACD clearly in bearish territory
  • Breaking bottom of yellow channel

It looks to me like a test of the red channel is imminent, we're going to see 450 and a test of the bottom of the red channel.
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