SPDR S&P 500 ETF TRUST

SPY going down short term followed by new bump trendline

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SPY neutral candle up top signaling decreasing momentum. Makes sense considering we hit the 0.5 fib level. Buy/sell ratio dropping a bit also showing that buyers want to pump market but there is going to be a significant amount of selling here. Thinking about a drop to the 0.382 ($262) level again followed by a gap up. Wait until after Monday to see if we complete Abandoned Baby candle pattern signaling momentum towards sell side. If the sellers don't win on Monday, I don't see much in the way of reaching the next fib level to $292.

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