Quick Morning Update

Let's return to that SPY chart we have been updating, the zoomed-out hourly timeframe below. 

Note that bulls lost $207 Tuesday and Wednesday a level we thought they needed to defend, short-term. Nonetheless, price bounced off the major support trendline, horizontal light blue, dating back well over a month. 

I am watching that $207 are above now to see if it converts into resistance. 

Elsewhere, GOOG and GOOGL continue to weaken as a major Nasdaq leader, while natural gas may be back in play on the long side. And MU looks to be much ado about nothing as it gives up its big gains from last night as it a chart still stuck in a downtrend.