SPY Forecast 8/4/2015

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The S&P 500 index proxy (SPY) Is building bearish power for a sustain breakdown. Because we are in the center of a range, without clear power readings in the smaller time frames, it is imprudent from an odds making perspective to take a short position at this time. However, if price reaches back up into the red zone as indicated in the video, any intraday reversals should outperform rather nicely for those watching the market during trading hours.