Click on above image to enlarge
I closed my SPY trade when the NASDAQ hit its 1 1/2 week downtrend line shown in red. Notice though that the other red lines show we are developing a large triangle which could take us much higher. However, I will not re-enter the SPY until one, the NASDAQ breaks up thru the red downtrend line and the UUP falls out of its blue uphill channel convincingly (right now its trying to stick to the line).
Alan
Please see risk disclaimer below
