SPY Forecast 9/15/2015

The S&P 500 index proxy (SPY) is coiling for a breakout above the 2,000 level. This should provide some nice intra-day trends for active traders.

However, our forecast is for the market rally back into the zone shown in the video in Ivory…At that point a lower high should form, but we are waiting for more clarity in the data before upgrading this forecast to a true trading opportunity.