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Tuesday, June 29, 2010

SPY - Updated
















Well the markets are tanking and it is a good thing too!?! China is falling apart and it tackling down. We now have closed below the White Line in the Sand with little to spear, all traders are going on vacation and window dressing, is not helping. Taking heads are pounding the tables with the next double-dip. However, if you were watching the charts you would have been on the downward side of this market.

Market will possible test the breakdown with either 100 or sideways trading until July kicks off. The gov tried to cover up the health of this market and economic depressed status, but, we are traders know it was all for not.