Replies to post #217822 on SPDR S&P 500 (SPY)

[risk on]

"How many times did day JAM-r last week only to Sink into the close, FOUR, why would today be any different??"

Because , when market expecting the zig, that's when it zag.

In that same vein, the "fade" back to fill the gap, may not stop there and while everyone is looking to BTD, that's when we may see that "cascading" event you refer to.

The 9 EMA has been below the 27 EMA for a long time now, and if we don't see a major drop in the next few days then we will should see a pivot up, possibly even to fill 218.5 gap, but THEN I definitely expect to see THE drop.

Whenever the 9 EMA is below the 27 EMA , drop can come at anytime.