And Everyone was Thinking "Down"!
SPY 2 Year, Weekly - 8.23.11 - Weekly Charts are Great for Checking the Trend.
SPY 20 Day, 2 Hour - 8.23.11 - Short Term Rally off of Support. Longer Term the Trend is still Bearish.
SPY 20 Day, Hourly - 8.23.11 - Ten Day Range Bound Market - Could Breakout Up or Down - Bias appears Down
VIX/SPY Divergence showing Convergence - On Balance Volume Supported Upward Move