one would assume a pause would have to happen soon for the spy to continue, however as we can see from the past, it could act to fuel further price increase, or start to change the trend, as of today, ma's are still pointing in an upward direction, I'm staying long until I see the ma's move differently, with the gain from this year there is plenty to play with and not panic. Sell stops will limit any deep correction, until then I'm staying in, even though most have the opposing view.