If you can, watch the market now

It's very interesting. I still feel we will see upside based on the 3C charts, but a late day support level at $107.14 (SPY) just got taken out, watch how the volume rises there as the stops that people place with their brokers (A BIG no-no) all get hit. This is a typical maneuver on Wall Street now-a-days, you might call it fueling up. They continue to prod the area and volume is falling off, suggesting they hit the stops there. Now is the time you might anticipate an upside reversal, but we shall see. It's interesting to watch how they operate and how the "tools" your broker provides are actually being used against you!

Remember, what does Wall Street produce in their factories to make money? NOTHING! Trading is a zero sum game, for them to make it, you have to lose it and a big group just lost it.

***Update -a second after I pressed "Post" the market put in a nice tall candle. Hmmmm....