Highlights
- The key 550 support for the S&P 500 ETF (SPY) we highlighted in last week's webinar (here) was gapped through today on heavy volume, with no ability to recover above that zone all day.
- This violent breach of support pretty much sidelines us in terms of tactical buying, at least until we get down to 5150 on the S&P 500 Index.
- With this. . .
