Wednesday evening SPY

SPY daily

yellow line - money flow(10)

cyan - 50sma

green - 200sma

pane 2 - DV smoothed stochastic(10,3)

pane 3 - RSI(2)

pane 4 - NYSE percent stocks above 10dma

pane 5 - volume

Indicators are rather oversold

Money flow has not yet made a positive divergence

The 50dma is at 160.48

The unfilled gap is from 159.89 to 161.04

Seems like it's close to a bounce.

Wednesday afternoon ... Was that a speed bump?

Market hasn't had any good news this week.  It has had enough bad news that Gentle Ben is highly unlikely to say anything (or leak anything) suggesting the punch bowl is going away soon.  Be vigilant for signs of support but we could see a test of 1600 this week.

1600 Pennsylvania Ave is being tested too ... mostly because of scandal.  Take your pick: IRS line dancing or bad Star Trek skit or picking on conservative non-profits; EPA freedom of information fees; Behghazi cover up ...

Wednesday morning

Yeah, it's a bit creepy ;-)