Replies to post #56137 on SPDR S&P 500 (SPY)

[GLENO34]

left...Just tell me what has changed since a few days ago to make the market go up?? 124.00 oil..Well the reason oil is coming down is because demand is falling and when that happens we are going into or in a recession so we don't need no stinking oil or gas...And when the financial people don't have a clue how bad it is..it has to be bad..But then as we know, the market has no logicval reason to do wht it does..So we will see..

[learningboutinv]

Lefty, you're right. Stick to the trend. That's the point of trend-trading. Thanks for the reminder. So with that said, $INDU, $SPX, $MID, and $RUT (Surprisingly the strongest of the 3) should be buy the dips until renko says otherwise.

However, $NDX/$SOX is pretty weak. Neither have even printed a white brick yet. QLD is what I typically trade and I use 1.75 pts on the daily chart because the price moves much more than MVV and is $3.5-$4 from hi/low typically in a day. May be that will change tomorrow since NDX futures are up as we speak from AMZN earnings. QLD needs to get above $73.50 and close at that level to print the white/up brick.