Replies to post #160999 on SPDR S&P 500 (SPY)

[imiloa]

with the FOMC oct28 report coming up,
i'm thinking it best to have exps at least 2 weeks beyond that date.

i do expect a drop after the 14:00 FOMC notes tmrw.
but they may try to keep this propped up until oct 28, too.

re: how high, given my assumption that this rally is pure manip,
only the casino knows how high they intend to run it.

the 10min and 5min suggest the current rally ran out of gas on the gap fill,
which could be the case.
eg: bots hit target and turned off?

but we saw several pauses friday as well
which were followed by the tell-tale stair-step buying candles
sparking a new rally higher.