Replies to post #381404 on SPDR S&P 500 (SPY)

[lvhd]

Agreed

[2018trader]

I used to think markets would go up or down based on charts only, now I know that they do by both charts and fundamentals. The question is what fundamental will combine with this overbought chart to bring it down?

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[Beerworld]

With all due respect you have said that since SPY 250

[Doubledown75]

SPY is just an exchange traded fund that “follows ownership” to derive value.
If fed really is going to turn off the hose on bank term fund program it cause a liquidity freeze and loans would dry up. If we are still fractional reserve lending I don’t know how stocks remain elevated.