ON AUG.17th, I sent out the signal for spy to reject the trendline and fall more than 5%! The move was more than 5% and still running. On the 1HR there is a falling wedge, and it has broken out with a fake breakout, we will look to see if there is a retest then we could see a pullback to the $405 area. However, due to the volatility and speculation I am still heavily bearish!