Replies to post #54563 on SPDR S&P 500 (SPY)

[learningboutinv]

Thank gleno. So if the market plays out like the past it looks like we may have a ST bottomed with the $NDXA50R @ 10 yesterday, we bounce ST for 1-2 weeks which was typically the average of the bounce and then more down ahead for the $NDX and $NDXA50R. Then look for a positive divergence on the $NDXA50R for the next tradeable bottom which on average came in 4-6 weeks.