SPY returns to support, now turned resistance. Thatâs all I see. It's the holidays lets get everyone feeling a little better. .CHEERS!
Volume today is sub par. We have not made a higher high, we are making lower lows, and lower highs. Thats it folks don't get the party hats out yet.
On the potential positive side we did over shoot it a bit. On the negative side taking out yesterday's low, in my view, increases the odds this level has been rejected. http://charts.dacharts.com/2008-11-26/2008-11-26 07-44 ES #F D.png