Replies to post #359162 on SPDR S&P 500 (SPY)

[NHPIPIXiPY$26]

I'd get a migraine every day if I thought about all that stuff. I stick to hourly, daily, weekly & monthly bollinger bands, moving averages, basic trend lines and rsi.

I also only have general ranges. Like right now I'd consider 3900-4100 for possible short reentry depending on how things feel, and I'd be looking to close the position in the 3500s or below. (sort of go with the flow.) Works for me!

All IMO

[trendzone]

Yesterday was the typical Wall Street preholiday paint job, that just might wash away next week, if the painters crew doesn't show up with their pants brushes next week, they mostly painted big S&P stocks, and many other stocks got painted red.

[spartex]

Thanks, you figured it out! And the 50% retracement looks like a reasonable probability to 3500 area as GDP headwinds growth. The 61.8% retracement to a tad under 3200 looks like a more worse case possibility depending on how things unwind. Hard to predict time wise, as well as which implosions may happen in the credit market.