Replies to post #22992 on SPDR S&P 500 (SPY)

[GLENO34]

learning..Those charts are a few days old..

[Footquarters]

Hi Learnin'


Trying not to overthink this move up. The question is tomorrow. Watch the banks as this move followed the inside info they had on Thurs about the rate cut on Friday morning. All the indexes are right below resistance so given the fact that they are oversold ,the A/D over up on NYSE and Nasty, Trinq was way low all day as they burned the shorts, so given this, they usually will have to regroup to get higher. $BKX is what to watch. Since they didn't get to the 200 SMA on the SPX on Friday tells me that Bears may be in control still. This is a slim Jim so the break is what to watch also.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22172852