Replies to post #280295 on SPDR S&P 500 (SPY)

[jxyzobrien]

short term look only
this is probably an inventory adjustment now.

lots of news to move the market around on.

market is bullish on monthly and above SPY monthly above BBCL
so bulls in control.

4 months is an eternity.

market has been resilient to weakening eco data.

[jxyzobrien]

inventory fake out
direction is still down

they could not attract buyers