Replies to post #345202 on SPDR S&P 500 (SPY)

[Vandalayind]

Like I said....decades old line support.


There is always an obvious line...after the obvious line fails.

There is no getting ahead of it without some intuition about the actual economics.

Otherwise it's a line in space representing human thought...after the fact.

[Vandalayind]

Which one of the lines drawers, system workers, and sign watchers saw the 1.1% drop coming?

You would have figured that kind of move would have been as obvious as a hole in the head.

My brain is just fine...failure to predict a healthy drop says lines are questionable to try to trade short term.

[Vandalayind]

Not to be confused with the right line with the right volume supporting where value is.

Said line just happens to be way below here.