SPDR S&P 500 (SPY): Any thoughts? $nikk is CB disaster...

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Re: risk on post# 197270

Sunday, 05/01/2016 3:23:31 AM

Sunday, May 01, 2016 3:23:31 AM

Any thoughts?

$nikk is CB disaster

The US markets for the most part have unwound most of the yen carry. If not we would have bled all day friday with no lower wick.. Nasdaq or qqq weekly finally had its 20sma cross under 50sma you can just look at the other indexes to see what happen to them following that crossover.

Imo the rally has put in good amount of support better then oct so the fall out may take a long time. Just more chop sideways till el obama has left the white house. Although i wish it would rollover and spoil his "legacy"

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