Replies to post #32206 on SPDR S&P 500 (SPY)

[gloe]

Posted elsewhere (FWIW):

"I’ve loaded the boat with calls this week. Get ready for a big ramp higher into year end.

Retailers will report stellar results on December 6. They have an extra week of post Thanksgiving sales vs. last year. That fact will probably be minimized but the percentage increases will be hyped."

[Neutral Man]

Footster... couldn't agree more, I expect the S&P500 to tag 1600 by 18Jan, up 11% from Friday's close?

Tax selling in financials, a huge portion of the S&P500's portfolio, should start subsiding on 30Nov since most sophisticated players have SOLD already so they can buy back 30 days later (before 31Dec), to ride back up into next year?

I've changed ALL new money for me 401k to be buying the S&P500 vs. previously buying the Nasdaq 100.

BTW... this is the High Road scenario and it is predicated on the S&P500 staying above the YTD OE Pivot, 1427, on a closing basis going forward? A close below 1427 will change our High Road 4cast to a Low Road one?

That said, the Low Road is only on the table into 21Dec as we MUST be LONG players into 18Jan as da-Boyz mastermind a Short Squeeze of Monumental Proportions after 21Dec?

Note: it's no secret that the crowds have gone to CASH and the SHORTS will continue to PILE in and there's NOTHING da-Boyz like more than crowds of SHORTS and CASH players sitting on the edge of their seats waiting to BUY with reckless abandon, LOL!?

Warm regards,
nm

[euterpe1]

Nice neg d on the aapl 60 min. Pull back tomorrow and I will buy the TOM trade. EMA 8 on the spy is 144.20. A pull back to 145 and I start scaling.

This could be the oversold bounce that leads to the next leg down or this could be the bottom. Sure looks like a bottom.