Replies to post #256384 on SPDR S&P 500 (SPY)

[risk on]

A few stats I see that make me less weary, but I don’t think “alright “ is where I’m at with a load of puts . I’m not as bad off as Marcellus , “ I’m pretty fng far from ok butch “,

But, never the less here we go:

Williams ( fast stochastics lead line ) @ 99% ( max 100)

Weekly MACD still crossed below

BBs daily ( 20,2,2) converging sharply and Fridays candle almost touching
the upper B.B.

BBs daily ( 50,2,2) upper band flat as a pancake snd had remained so since the drop started. ( has never happened before )

This leads into “ the pattern “ I keep referring to . All the things mentioned above , especially BBs confirm further my hunch that we are in s pattern that will see to and fro action ( ebbs flows) and these swings will become less severe , With PRICE STAYING inside the BBS, as BBs compress and flatten leading to boredom / indecision which will give way to a major move , and I suspect after the damage caused in February that move will be down

[GuTA]

Does that 9 day chart show a prediction of a 30 point drop in SPY later this month? Pretty aggressive

[risk on]

That a bold prediction for the 9 day candle to halt and complete implode. We shall see. I’m rooting for that scenario btw, not thinking we that steep of a drop before the period is done , but I do think once we see BBs flatten out / compress, we will complete the pattern with a drop