Replies to post #269871 on SPDR S&P 500 (SPY)

[Wishthiswasmyjob]

Once again we see the Russell leading
the market... downward.
I watch IWM and use it as an indicator to the SPY.
Since Sept. 1st, IWM is down over 10%
and until it shows strength, the SPY just won't be
able to find sustained strength.
IWM and SPY usually track closely, but since Sept. 1st
the SPY is down soo much less... about 5%

It shows the breadth of the market sucks and that any upward spikes just aren't "full market, healthy rallies".

You give me IWM back at the 155.40 area and I'll go into more SPY puts.