Replies to post #38621 on SPDR S&P 500 (SPY)

[Two-timer]

Hi, Jared, do your charts show a possibility of the SPX hitting a high tomorrow of 1380, then dropping hard after the Fed announces? That's what I'm concerned about. My charts sort of look like they did back on 12/10/07 when they topped. Then, on 12/11, which was a Fed annct. day, they went higher but prices dropped remarkably hard around 2:15 EST. Two

[GLENO34]

1370 would be about the top BB on the 60 min chart and it would put most of the indicators in OB territory..I notice the BB are getting tight on a lot of stuff so we will probably have a bigger move tomorrow sometime..Sure hope I'm on the right side..whichever..