"A Tug of War and Perhaps a Turning Point is at Hand."

20D, Hourly - Mar. 20 - The Bear Potato is confirmed by the move below the 10 & 30 Day Moving Averages.   At the close Friday the SPY sits right on the 50 Day Moving Average which may act as support on Monday.  The trend looks down but there could be a "snap back" bounce.  Should that occur it probably will only be temporary.  Bear Potatoes generally last  from 3 - 7 days and sometimes longer.  There have been a few "failed" breakouts but these have been few and far between.  The Channel shows the expected market direction for Monday/Tuesday.
5D, 15m. - Mar. 20 - The Gold Spot shows the area of breakout to the downside and the failure of the older Bull Potato to maintain momentum to the upside.  All moving averages have been violated.  The trend in down, but a snap back is possible.