Replies to post #270047 on SPDR S&P 500 (SPY)

[USDollar]

we have to learn to ignore earnings, they are like politics and FOMC BS

we all should be trading only pure technical

fwiw more often than not I was able see how a stock will go post earning. There were failures, yes, more than once, so it CAN fail, but more often than not I could tell this XYZ stock will go up/down after earning announcement

re: "with AMZN + GOOGL earnings tomorrow ..... Personally, I'm just "sitting on my hands" until 2:30pm..."

also, kudos, as fwiw "sitting on hands" imo is one of the best options more than 50% of times when things are "unusual"

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SPY relied (obviously) quite a lot on "junk" of the sp500 to show off
... and junk usually corrects viciously

so it has to slow down the junk correction as well as generals' corrections, then we have a buttom

I can't help it but see 260 and 25? as bottom (IF)

There is NOTHING in the charts at the moment to contradict my understanding of aforementioned expectations

I just got home, watched the show on my cell decently. I was amazed of the last hour action/speed (not that it closed down ... AGAIN)

I will try to catch the elusive bottom as the pay should be super juicy and fast and furious
easier said than done tho

I think very short term calls are the thing to use, cheapest gamble in SPY hell

good night and happy trading tomorrow, fingers crossed