Today the market opened below yesterday’s close and after retreating to 752.89, it printed higher highs and higher lows. In the last half hour of trading a sell off took place but no new low was made.

S&P 500 Index 5min Chart

S&P 500 SPDRs 5min Chart

The SPY daily shows a 3 months double bottom. A close above 80.00 will definitively confirm it. While a retreat to the 74.59 lows will likely setup a free fall crash.

S&P 500 SPDRs Daily Chart

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Market by LtPinback | Permalink | Share This