Replies to post #57675 on SPDR S&P 500 (SPY)

[Footquarters]

Hi Learining







This could easily go to 725 if we break here. The 320 is the bear/bull line. On Gld we need to break the 81.50, which we flirted with, but never got a buy signal on Tuesday and it turned out to be the old bull trap.... I wouldn't try to find a bottom here.... Interesting that the Dax was up so big and is diving down here, thought we would get an exhaustion gap... The Yen, is again the currency to watch, green on CNBC and markets are green, red on CNBC and markets go down.... forget the technicals LOL....

[Footquarters]

re areas to watch








48.00 QQQQ, 1290 SPX, 11600 Dow for sell signals . Hold short below 1280 SPX, 11550 Dow, 46.50 QQQQ .......... nasty is the strongest index and the one to stay away from short positions.... tradable short under 47.75..... Gold, still on sell signal near term, wouldn't go long today unless it was above the 810 or GLD 81, which is 10% of the value....just broke another swing, could be going to 725.... in my opinion...