Replies to post #163397 on SPDR S&P 500 (SPY)

[Caoi]

I definitely think at least a 1% down day is way over due.
I am getting no indication of a sell off except alot of very over bought indicators ( that could stay over bought for weeks) I would like to see some crossover signals on the over bought indicators. My brain says start to add Dec puts little by slowly. I hate to trade on hunches and guesses and logic . Chart tells me not yet. We are above the 50 for several days. We need some kind of sell off because buying here is exhausted . The chart says weakly bullish to me. Earnings misses dont seem to matter just yet. We either sell off some then pivot and have a nice rally above the 200 day and new highs before end of year or we keep skating on thin ice. Most big money is asking " Is this the end of the bull? " We still dont know