As GDP and CESIG have turned negative as well as recent UI claims report, SPY is a sell. I have sold and will buy SPY only when it returns to bottom or near bottom of BBd. It has exited OB on the daily chart. SPY is of course the only uptrend. The Fed will continue to support the uptrend of SPY through sequestration and debt limit issues.
The bottom of BBd is not that far at 144.x
BUY THE DIPS.
From
Credit Flow Investor 