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A bounce from the primary trend confirmed.
SPY
, 1D
Long
SPY: A bounce from the primary trend confirmed.

Yesterday, as predicted, the AMEX:SPY rebounded from the primary trendline and is presently displaying a 0.56% gap above the previous day's close. Although a retracement to fill and examine that gap is expected, I anticipate a continued upward trend in today's trading session.

One last test of the primary trend?
SPY
, 1D
SPY: One last test of the primary trend?
Updated 

The SPY has completed a throwback from the primary trendline, however, this morning's pre-market session is pointing to a gap down below the trendline. I'm looking to see how we open and will be looking to the USI:ADD to determine market breadth impact. A break below 390 could put us into further declines as it would also break the 100-day moving average.

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