Pretty simple...you want to see anchored VWAP off of the low hold in SPY in order to have a constructive view. If this fails to hold (hold=daily close for me) then the next 'natural level' to focus on is the low.
-Jamie
-Jamie
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/