SPDR S&P 500 (SPY)

[Footquarters]

Hi Two



I don't have Scams interpretation exactly, but basically you are seeing da boyz at work and something will happen within a couple of days.. There are divergences on the RSI across the board, I am noticing that my sell signals are tightening up so usually there means a strong move is coming, when I noticed R-4 it pretty much confirmed what my indicators are saying. I thought that this afternoon was pretty wierd in the markets. I was at the dentist from 2 o'clock on, seemed like the market is worn out. I do think they are rotating out of tech, so the leadership is faltering in my opinion, but yet to be proven.... That 68.2 retrace today on the SPX worked like a charm, so wonder if that wasn't it for the upside and we get the Gloe "October down move". If I am wrong, blame her, I am just going with what she said :o)