SPY Pattern and Trend

After being pinned to the top for six straight days, with little to show for, in terms of price gains, Trend and Momentum are taking a well deserved breather:

while VIX continues racing to the bottom.

Key support at 2490.
Daily pivot at 2495, weekly at 2470.

SPY Pattern and Trend

The index is pushing on a string waiting for the Fed and the tax reform proposal, which is keeping downside pressure in check:

The daily pivot line is at 2499 with two unfilled gaps underneath. The trend and momentum readings continue to be maxed out.