T3 Live
Shares

Soup Nazi!

Shares

On Thursday, the SPY rallied into the bell to hold its 20 day line yet again… like every decline this month.

ARCX_SPY_D -- SPDR S&P 500 TRUST 082416

Be that as it may, Wednesday left a little Soup Nazi sell setup on the stab below the prior swing high within a 20 day lookback which followed through yesterday.

Perhaps this is just the rubber band being pulled back prior to Yellen, but if they don't clear SPX 2200 soon after, and they turn down again below the 20 day, they probably turn down hard.