SPDR S&P 500 (SPY)

[imiloa]

that makes great sense.
tho, SPY has a way of turning sense on its head.

closing at the low suggests gap down overnight.
daily STO/RSI suggest lower, continuing to OB.
daily ADX just crossed red for the first time since january.

i'm thinking another drop today
with bottom either today or tmrw
then a bounce into end-of-month IRA deposits.

if health care stumbles, undermining confidence in GOP's rapid deregulation and tax handouts for the elite and corps,
that might just cause some folks to look down
and realize how high we've soared on hopium
amid rising interest rates?

nah.
this is SPY.
SPY doesn't trifle itself
with the paltry limitations of peasant accounting math...