DigitalData

SPY to 290s Real Soon

Panjang
AMEX:SPY   SPDR S&P 500 ETF TRUST
To me this has broken one major trend and support and clinging for life onto the last one. I think we see 290s extremely soon then 280s possibly. If we breakout the top of this my mind would actually explode. With the economic state there is just no way. Too much unemployment, spending is down. The only companies making it are the big boys and the our output of products is still good. It won't be able to hold the TA and fall of the strong rejection though IMO . Either during or after earnings season its RIP for a bit.

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