Replies to post #273135 on SPDR S&P 500 (SPY)

[GuTA]

The boyz have been chewing em up and spitting em out this week.

I look forward to your Sunday thoughts.

Stay Neutral.

[Emptyhead]

Lol... , I suspect you will very likely turn Bullish when Equities do an About Face on Monday ;)

[NetNeutral]

Yes, Spy could go up from Friday's Close, BUT, we suspect a Exhaustive-Compulsive-Waterfall event is needed B4 we can call a BOTTOM??

Third chart shows the retesting of the 263.25 +/- area from the 11/20-11/23 period, BUT, the 262.44 thingy on Thursday is what's got me concerned in regards to a bounce of sustainability happening B4 a Wash-Out like event occurs???

Three charts...

1st, the 5, 8, 13 dsma's r definitely Over-Sold but probably NOT enough, hence, we closed oat the Blue arrow and will likely see them drop to the Red Arrow??





2nd, the 3, 5, 7 sma's r back at the bottom rail, BUT, the bottom likely needs to fall out to get a Wash-Out(High Volume) event signaling a reversal of meaning and duration??



3rd, The is what we suspect price will look like if the Bottom drops out Mon/Tue and then recovers...