All Eyes on Nov 2012 Up Trendline in the SPY

All eyes on 165.80 in the SPDR S&P 500 (SPY), which represents the up trendline from the Nov 2012 low.

If violated and sustained, it should trigger additional, possibly acute weakness that tests more critical support at the Aug 2013 pullback low of 163.05.

At this juncture, only a sustained break of 165.80 likely will trigger some flight-to-safety buying in the iShares Barclays 20+ Year Treas Bond (TLT) (accelerated selling in the ProShares UltraShort 20+ Year Treasury (TBT))...

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