ARTICLE SYNOPSIS...Most traders and serious investors would be likely to agree with the assertion that the broad US market is very close to either a significant rally or decline. Which scenario is more likely?
ARTICLE SYNOPSIS...On September 2, the chart pattern on the SPY broke out on higher volume giving a bullish signal. But the 102-support line was broken a week later. Until we see higher volumes and a sustained move above 105, we remain in no-man's land.