Replies to post #21521 on SPDR S&P 500 (SPY)

[denmo83]

I see your point...

and I agree. If we go by the close which ended green, according to scam's rule, tomorrow should be down.

I just can't ignore a 130 point drop as if it didn't happen.

Either way, I'm all in on the long side and it makes no difference to me.

Good luck in whatever you do.

[learningboutinv]

Koep,

I agree, I'm not sure about the fed afterday pattern, but I think til the rest of the week the markets are going to be choppy and consolidating around the SPX 1460-1465 area and 1950 NDX area with indecisions from both bear/bull, a day traders dream. Then maybe next week we get a major move/breakout telling us which direction to go.