Replies to post #196925 on SPDR S&P 500 (SPY)

[imiloa]

have no fear. individual stocks may crumble in the face of reality.

but SPY has shown itself a true winner.
SPY even shrugged off an 8% drop in its heaviest component, AAPL,
with nary a downtick... ;-)

[imiloa]

seriously, tho. and event like this one could well trigger the correction
if the casino bots can't stave off selling momentum from the opening bell.

reminiscent of a similar situation last august involving a critical mass lose of confidence in China's economy, that led to a feedback ramping of selling pressure.

looks like they caught ES futs at 2070 for now.
so still hope SPY can recover to yesterday's level by the open.

because no one looks are AH charts, right?
so what happens overnight, stays overnight...

we'll see in a few hours...