From this view, the S&P has much more room on the downside.

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SPDR S&P 500 ETF TRUST (AMEX:SPY)

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AMEX:SPY SPDR S&P 500 ETF TRUST

Trend Analysis Technical Indicators Beyond Technical Analysis marketalpha S&P 500 (SPX500) SPX (S&P 500 Index) QQQ Indices puts short Bearish Patterns SPDR S&P 500 ETF (SPY)

trendanalysis indicator beyondta marketalpha spx500 spx qqq indices puts short bearish spy

SPY

All of our indicators are showing longer term bearishness and not by just a little bit... I'm thinking more pain to come. Hold on to your seats.

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We rejected off the critical confluent resistance levels after trying to gap above. Not a good sign.

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