TECHNICALS - SPY

The SPY was rejected at the 130 area and is now back down to 129.4. I continue to believe we will see the 128/129 area (daily/weekly SPY support) before too long and that is where my buying interest will perk. Also, note on the above chart that the SPY broke to the upside from the 128 area in mid March. Another support tell?

The market internals have now flipped to 1,300 red. The Metals have also flipped to slightly pink and the only sector that I see as green are the Oils. All the other major market sectors have flipped to flat or red.