TECHNICALS SPY

The song remains the same with the SPY. The SPY has been making new highs but the momentum indicators, MACD ROC, have not. So the general rule is that the rally will run out of gas. History will tell you that the SPY should sell off here and I would not be buying this breakout. The general rule by the professional is that breakouts are to be sold, far different than what one may hear from a TV personality.