SPDR S&P 500 (SPY)

[learningboutinv]

Foot, I'm still under the impression that they will at least try to challenge the past highs on the 60min. Yesterday I stated that if there is a break of 2000 on the NDX they will probably try for 2032. I did a quick scalp with some QIDs yesterday but got out with a .35 gain. LOL.

Same with SPX, challenging the 1496 number. A break of those and we're going to generate/print a new yearly high. Right now it looks like a slim jim on the NDX. Scam use to say a slim jim typically breaks towards the direction of the trend.

Remember NDX always leads b/c it's the most risky. When big investors want to get out they get out of the most risky things which signifies a top. But when they want to get in they tend to buy NDX/tech on the bottoms.

I'm not saying we'll print yearly highs yet. We'll have to wait and see with what happens at NDX 2032 and SPX 1496 which is just in time for the FOMC on 9/18, and Quadruple witching with OE. Makes things a bit spicy. Been day trading mainly and still holding onto some long positions on the 401K since August 16/17th.