Early last December I thought the S&P 500 had shifted from an upward trend line to a sideways trading –I was wrong. Things are clearly still on the long term trend line, the only difference being that the volatility has really dropped. Volume has been low–clearly a lot of people are on the sidelines, like me, waiting for a correction.
![spy15jan10 SPY Trendline, click to enlarge](https://www.sixfigureinvesting.com/wp-content/uploads/2010/01/spy15jan10-600x399.jpg)
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