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[Sentient Being]

Just emailed a friend with this below. He of course is aware that I am no technical guru and this is just my uneducated opinion.
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A couple of things I'm seeing looking at this WEEKLY SPY chart. Most of what I see says there is no reason technically to believe that we are rolling over into some sort of serious decline at this time. I think right now the average joe is a true believer that this market is doing just fine and suspect we may have a lot more upside to go, which would line up with my belief that we rise into the fall election.....

* First off looking at the weekly price action there has not been a serious sell off since last year and not much reason to believe we are having one now

*The last time there was very high volume was in August last year when a bottom was going in, right now volume is below average and happy.

*Low to average volume with a rising market, no reason to believe that we have seen a blow off top warning us of decline.

*The 200EMA weekly moving average has stopped sloping downward flattened out and is now gradually curving up.

*Stochastic had a little dip to relieve downward pressure but is going up again. It hasn't given a hard signal that things are getting ready to blow the other way. That really deep dip that has come on prior serious correction haven't happened yet