SPY - DAILY ABC complete - micro uptrend - beware the bear

Spy hit my downside daily ABC target on the button, taking out the stops from the previous low.

Expecting a rally to around 280 at which time i will mostly be in cash with an eye on the ABC weekly sell off and re-evaluate.

No surprise that good news was released today, news follows price!

I use this index as a guide to my all round trading strategy across a diverse portfolio.