Replies to post #38307 on SPDR S&P 500 (SPY)

[Footquarters]

re W bottom stuff





Guess the only thing that the bulls have here is the hope of a W bottom. The 21 ema on the CPC is only a couple of points away from a bottom. My thought for now is that they take them down until the fed decision..... When the 21 ema gets outside of the BB, it usually marks a major bottom. I am just now looking at the charts for the week, so I could change my decision.