Replies to post #168214 on SPDR S&P 500 (SPY)

[imiloa]

i had already assumed there would be no rate increase.
and i suspect the rest of the market was already on that page
or we wouldn't still be above 200 again.

imo, this rally is all about the casino exiting call/long positions
they got trapped in yesterday
no expecting this intl incident this morning.

this has happened a couple times this year from this level (pre-august drop)
and each time, the market dropped within a day or two
of the reversal rally.

the exception being end of sept leading into october.
but that was from much lower.

[rawiron1]

That rate increase that Yelling keeps yell'n about just got shot down over Syria today. Only took one AMRAAM missile that somebody else paid for. But this all could be erased by mushroom clouds.

SPY