Chart Talk {10.16.15}

Here's your market roadmap for the SPY {ETF for the S&P 500}.  Market completed a successful retest of the August lows earlier this month and has popped through two levels of resistance.  Probability suggests that we have the potential of seeing a bit more of an issue as the market approaches the 205 level on the ETF.  A lot of trapped longs represented by the areas shaded in yellow above.

Back early next week.

Original unannotated chart is from FINVIZ.com.

*Long ETFs related to the S&P 500 in client and personal accounts although positions can change at any time.