SPDR S&P 500 (SPY): I'm thinking it is a bear trap too....

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Re: Perseverance71 post# 269931

Monday, 10/22/2018 10:03:29 AM

Monday, October 22, 2018 10:03:29 AM

I'm thinking it is a bear trap too.

Also note little back test to last week's low near 275. Same spot.

Although just dipped under 275, so we'll see if the bears take the day.

I believe the earnings this Q and outlook for next Q (esp. techs and biotechs) will be good enough to restart the fall rally.

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