Replies to post #197241 on SPDR S&P 500 (SPY)

[Belek]

the diffusion indicator rolled over a long ways back before the indexes

started to, and has a long ways to go before it hits a bottom as you can see for yourself, not sure it will make it all the way down, but to the
record over bought conditios it could speed up and send things speeding on downward
once the heavy selling sets in, I keep a track on the few other indicators
i watch for signs of turning, next week will be a challenging one for the
algobulls, a lot can happen over a weekend, and i don't think there is anything good that is going to happen, it just doesn't look good, jmo.
also, let's see what the weekend analysis consensus brings us, stay tuned in. trade wisely

[risk on]

Normally, I wouldn't pick this part of a tech post to comment on, as all your tech thoughts are in line with my thinking.

But, this point, " Adding to oil is the dollar. Dollar could go down a bit more, but that's going to cause turmoil for the Yen and Japan which will cause turmoil for everyone else as well. "

The currency wars are out of my depth for understanding, but I do feel there will be a move coming from Japan, and / or CHINA.

CHINA is in very very deep Debt acceleration now, which is very worrisome to many.

China is now up to to 234% debt to GDP, but it's the pace of the debt accumulation that has so many worried.

I think there could be a move by Japan, which probably wouldn't surprise, or China, that could create a clarity on just how propped up those economies are. The exposure to Chinese debt by foreign markets is heightened more than ever now as well.

Any thoughts?