not sure how this rally in the spy is gonna last without the strength of xlf financials...i won't chase anything and be more confidence until xlf gets above 13 level and the 50dma..and then coming back with these levels acting as support and bouncing off of them with strong volume.
spy is setting up a ascending triangle...with 89ish level acting as a bouncing area....market may just drifting higher...but weakness in the financials concerns me. I might even looking at shorting spy.
