BATS:SPY   SPDR S&P 500 ETF TRUST
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$SPY The market continues to power higher confirming the gap up last friday was for real (so far). We're seeing a little volatility within this 1 point range 162.5-163.5 as we ping ponged back and fourth a bit this week but all in all tremendously healthy action. Levels are on the chart and there's no signs that anything has changed in this longer term trend. Below 162.48 and we'll attempt to retest the gap (or put in a higher low) otherwise above 163.5 we're back to the races. Bullish.


Evan Medeiros
Founder, Trade Risk
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Website: www.thetraderisk.com
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