17th day of $QQQ short term down-trend; SPY still a broken up-trend

GMI0/6
GMI-23/8
T210827%

Rebound continues, but for how long? Look at this daily chart of the SPY. SPY is way below the long term trend line (blue line) that it recently broke. We now have a lower bottom.   Will we get a lower top?   Stay tuned…….

DailySPY10202014

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