SPY 6/11/2013
"CAVEAT DAY" in my humble opinion. Unless market 
SPY breaks resistance 165 convincingly, this is a stock picker market. I'd avoid buying breakouts without super solid intraday bases and instead might look for opportunity to sell on strength. No reason to be panic yet. I'd rather see another base formed here before breaking 165.
SPY breaks resistance 165 convincingly, this is a stock picker market. I'd avoid buying breakouts without super solid intraday bases and instead might look for opportunity to sell on strength. No reason to be panic yet. I'd rather see another base formed here before breaking 165. 
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