SPDR S&P 500 (SPY): Tex, IMO if SPY closes above 2750 (weekl...

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Re: spartex post# 270018

Tuesday, 10/23/2018 3:44:51 PM

Tuesday, October 23, 2018 3:44:51 PM

Tex, IMO if SPY closes above 2750 (weekly SMA50), and even better 2768 (daily SMA200), then the rally could gather significant momentum to 280 and probably not dip again for 2018.

However, if it closes below these MA's and AMZN does not impress, we could see 266 or lower by tomorrow.

Interesting battle here at 274-274.50 right now but it appears that the bears have started to gain the upper hand again...

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