TTMTrades

"SPY" $371 to $367

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Intraday charts still are not aligned with the Daily. $378 was a key area to hold as support and with today's breakdown, if the bulls do not have the strength to close above it, this will carry over into next week. I am not fully convinced of a Daily chart break down, but there are some intraday pull backs that need to happen on the 30 minute and 2 hour chart. Once we hit those key areas of $371 and $367 we can further observe how the intraday charts will continue to pour over into the daily chart overall set up. Daily uptrend still intact, intraday charts break down (Pullback) in motion. Would look for an end of day sell off as shorts maybe locking in their positions.

To The Moon Trades
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