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S&P Tuesday Morning 1/15

|Includes:IWM, SPDR S&P 500 Trust ETF (SPY)

Yesterday in my comment on the market I noted that prices went back up to a point where a reversal down was expeced on a short term basis. Remembering that this is an UP trend......market this morning made another textbook reversal pattern and now appears to be trying for higher highs than last week.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: SPY, IWM