Market Update

This is going to be quick, I follow it up with an expanded update.

 The SPY took out both support levels on heavy volume -a lot of stops hit and a lot of short sellers coming into the market. If it can move back above what is now resistance around 4127.25 or so, it has the chance to create a short squeeze.

Around the same time the TICK chart broke the downtrend and moved up, this is a significant first step.