AMEX:SPY is showing a sluggish pattern, resembling the 01/20–02/20 period, with "low" predictability —anything could happen! We might see NASDAQ:TLT weakness or, conversely, a wave of solid trade deals pushing prices higher. From a risk-reward perspective, it’s prudent to stay light or hedge. Technically, horizontal resistance is at $577.00, with support likely to test the upsloping trendline as of today at $538.00