Replies to post #54405 on SPDR S&P 500 (SPY)

[learningboutinv]

2xer, I agree the NDX and MID have been lagging and hasn't corrected as much as the $RUT, $INDU and SPX. So there may be rotation back into INDU and/or SPX the beaten up indexes. While MID & NDX has more to correct/fall.

Today,

$SPX hit the 20% decline from high of 1576 and rebounded off the low @ 1260.

$INDU rebounded off a 21% decline off the 14198 high.

$RUT down ~20%, $MID down only 8.6% and $NDX down 11.6%.

I still think there will be a broad sector bounce before the 4th but the boys may decide to tank everything afterwards starting sometime early next week.

[learningboutinv]

BTW - the volume bars on both QQQQ/$NDX are up pretty good today. Same with INDU/SPX. So I think we may see a 2-3 day more bounce on lighter volume.

But I've been wrong before, so I will try to figure out an exit strategy tonight.