3/31/2016

SPY faded a bit from MarR2 today, as the ES chart suggested yesterday with a close just under th level. The change-overs are one of the frustrations of the method. Does this count as rejection when the level will vanish tomorrow and be replaced by very bullish looking April pivots? In other words, with the March rally SPY will open above all pivots which usually means hold longs, not short. I side with holding longs, especially on USA leaders.