Replies to post #20211 on SPDR S&P 500 (SPY)

[finally]

Gut said to short the open tomorrow, but the more I scan charts tonight the more inclined I am to wait until AAPL reports.

ST charts, esp SPX, deeply oversold. 15-20 SPX points to the upside would not be out of the question here.

Still think we resume the down by the end of the week.

[CaribbeanJim]

Take a look at this chart.

Price is a VERY LONG ways from breadth. If the bottom is going to drop out, this will be the week it happens. We could see a series of a couple more 3-4% down days just to catch up with very poor breadth. The Nasdaq looks like it just completed a big bull trap. Shorting REITS is going to have a very, very good week.