Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

SPY - "Double dip???" A break below 1120 and YES-

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

Next level of support on the SPY is near 1120 which tests long term ascending support on a MONTHLY Chart time frame. IF we get a close below this level, we could see major catastrophic EPIC selling pressure to lows below 2009 levels. 

SPY is in Trouble below Major support near 1120