Replies to post #179043 on SPDR S&P 500 (SPY)

[thunderbird2004]

160 needs oil to go to 15 tho. I think oil at 25 is short term bottom, so that's not a lot of room to take SPY down with it. The recent move in SPY is entirely correlated with oil by algorithms. I am not saying 160 is impossible, but that really need oil to go to 15.