Replies to post #29174 on SPDR S&P 500 (SPY)

[Footquarters]

Hey learnin'







I am just the messenger, as Scam says after a R-3 notation and big down day, "R-3 doesn't work, LOL"..... We are at a point where if we break downward either today or tomorrow, we could have a large sell off or correction, if they break the 1525 SPX or 53.25 QQQQ area this time. Then again, they could take them down to that area and then run them up.

[Two-timer]

Learning and Foot, thanks for your feedback re. R-4. Today will be the tip-off as to what the Fed will do tomorrow. As I mentioned yesterday, we'll probably have a mild sell-off today to bring in the bears. There's no doubt in my mind that the Fed will ease by .25 tomorrow, which may be enough to propel the indexes higher. This could be the final gasp, however, and the bearish indications may play out Thursday and Friday. That's how I see it right now. Of course, I've been wrong (many) times before. Two