Replies to post #20724 on SPDR S&P 500 (SPY)

[Jiorden]

You're right, I find it really hard to believe we will come to such a sudden hault. We went down on some pretty SERIOUS volume the last couple of days.

I will surely throw in a tight stop-loss.

However, over the last five years... during this upward trending market... it has been very bullish when all of these indicators agree.



If the market continues its longterm upward trend, once these indicators agree again, they would provide a nice entry level. They have not agreed yet. Only the % of stocks above 50 MA has shown an oversold signal.

Either way, I am just getting my feet wet in this SPX trading. So I will not be committing much capital. Thanks for your insight.

Jiorden