I'll be watching from the side lines as well...I got out this week with a nice profit and put it into a mining stock I have because it is starting to show life and if it moves up and I can make a good profit then I'll think seriously at getting back in to spy....this is about the 3rd. time I've done this with spy...it may be some time before spy moves much higher so to me it is dead money for me so I took the profit and moved to another stock...both stocks are in my TFSA so I want to get it going as much as I can.