Replies to post #166794 on SPDR S&P 500 (SPY)

[gdl]

Over 90 percent sure we hit new highs before the year is out.
The death of the consumer has been resurrected more times than any prophet. Holiday sales will surprise on the upside. Consumer spending on discretionary items has surged this year.
Salons verses sweaters is a great analogy.

Early next year is up for grabs.

[temp luvs amy]

Customary retrace to the 200 day MA, then it's "Bye Felicia" I'll see you at 1750 before New Years day.

[imiloa]

when SPY was at 210-211 early nov, i expected them to tag 214-215.

the fact that they didn't,
and that we've fallen substantially since then
makes me doubt it will happen
unless fed announces QE4 or negative interest rates.

too much negative news piling up.
at some point there are no more sheep willing to buy the talking heads' lies
and institutions will be looking for other havens than equities.

trick is figuring out whether that happens this month
or in 2018...

[Pro-Life]

The probability exists because of the "support" the market receives. However, the market currently stands on toothpicks for legs (super weak market internals with other components) and the least little impetus (such as another attack from the ones hell bent for destruction) but... Time will tell, right???