Replies to post #185395 on SPDR S&P 500 (SPY)

[photo4u]

I'm the same way, other than oil went up a couple bucks, nothing else really changed and the market was on course to reset, like it should do.

[imiloa]

fwiw, i feel occam's razor applies here.
specifically, no need to attribute such manipulation to govt intervention
when there are simple mechanisms by which greed wielded by the people who run the market can yield the same results.

for clarity, i agree that PPT is likely a real mechanism.
i just don't think it will come into play at these levels.
at least not until 181 support level is broken.
possibly a fair bit lower.

[nowwhat2]

Three extremely simple charts :

Some of the simplest charts on the planet :





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S&P 500 Index :