SPY Charts

Again, there will be better relative performers and the strength in AAPL recently is one reason I leaned toward it, that can still be played, it's in a great spot for an equity long if you think it worthwhile.

You can also play it with XLK calls or TECL equity (stock/ETF) long.

As far as SPY, this is broad, general coverage that includes a little financial exposure, etc.

The charts...

 Just to keep you focussed on the big picture and  why we want to use any short term market strength to short in to as IT IS A MARKET GIFT,  I present a simple 15 min SPY chart in a LARGE leading negative divergence.

A SHORT TERM BOUNCE DOESN'T CHANGE ANYTHING HERE

This is a closer look at the same chart, just pointing out recent weakness has had real underlying weakness in the mix.

 SPY 5 min showed the probabilities of a bounce yesterday, today it has thus far confirmed, but we're still looking at a relatively small position to bounce off.

The 3 min chart is leading positive so the shorter timeframes were where the mess was...

The 2 min is mostly in line, the 1 min shows recent weakness and it's just starting to shape up today with some strength, but as I said, this WAS NOT here yesterday on these very short term charts.

I like the SPY for a bounce/speculative position, but I don't blame anyone who says, "I'd rather not get involved in the speculative stuff and just be patient and wait for this bounce to give me the chance to take advantage of the gift the market is giving , stay focussed on the bigger picture as the game is really underway now".