Replies to post #52488 on SPDR S&P 500 (SPY)

[GLENO34]

That was my target yesterday..Remember I said the 60 min 34MA or possibly the 60 min 50MA....If CCI34 crosses zero on the 60 min chart, we should then head to the 50MA..

[Two-timer]

Hi, learning. I'm going to hold my long position all day. If history repeats, these big blow-out rally days slump after 10:30 EST, then miraculously go much higher late in the afternoon as folks buy the dips. That's what I think will happen today. Why it should happen, I don't know? It amazes me that we rally on bad CPI numbers, larger unemployment numbers, a failing financial community, etc. It appears the market expects the Fed to lower rates some more on June 25. That should really help the dollar and our economy (not). JMHO. Two