I dont see too much more up

In looking at the technicals, I dont see much more up, I think the market is making like a groundhog and is sticking its head out of the hole and looking around to see whats what. Lets look at the chart for SPY:

The williams %R does (the indicator right above) not have that much room to move up, the ratio between this indicators movement and the stocks position and movement shows there is not to much room to climb. The top indicator above the chart, the Aroon, itsnt too optimistic either. SPY is usually more tough with its predictions than the QQQ and is usually a good shadow etf to read when you really want the foundation of QQQ.
I dont think we have too much room to climb and recover with.
Just the same, we are going to sit things out and come back after lunch to see how things shake out.

Tradinginsider