"Decisions are Made by Necessity"

When the way is not clear, you still need to make a decision.  Technical analysis requires that you use the information at hand and make the most of it.  This is an imperfect science but at times you need to take what is at hand and take a position.  That is what we have here.

6 Month, Daily - May 1 - The recent market has been demonstrated over and over as a continuing gradual upward movement with a 10% gain in the market just in the past month.  The rising trend line is running into significant technical resistance at the 88-90 level on the SPY.  The 2 month trend line has been up.  Resistance looms above.  Prior resistance and a sideways movement is history.  The market does have "symmetry" about it.

Out prediction is that that a sideways, range bound market will prevail for next couple of months which should make a perfect environment for instruments like condors.