![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrq4lbx6NYbUU0W_WZl-vz4jkOmYgSteIHelKCFXSc_HffnX9nmzKglb2Rwqxg4KGirwpsXfhgz9FY-E8WSJSl7MTYxZketT3H6-2S22xxJjjjwJuSwAYS2zccI0wFKL5B-awDgcpv_R0H/s400/Chart+of+SPY.gif)
What do you see on that chart. Nothing? Well that's about the size of the action. The markets moved sideways. The good news is there was a rally in the last hour of trading on increasing volume. That could be a good sing for tomorrow. But at the same time there was a lack of follow-through from yesterday's rise that is concerning. We had the same situation last week (lack of follow-through on Tuesday) and the rest of the week was terrible.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtEZhw6xEM1NDeWvh2_BU61C32JkjTEgIDmmHSYEXKx5k1VQHlh9vrI-NXjaV3axxuchmxwoTKEDW5wvk1wxCyNSpDfYYb8no07QEGJnD41Uditw9UfcxCFSQqpOtG0JtfuOhDI4wEp0zZ/s400/Chart+of+SPY1.gif)
The markets have moved nicely from the 50 day EMA. Also note the MACD is about to cross the signal line.