Replies to post #57918 on SPDR S&P 500 (SPY)

[euterpe1]

G,

Just bought some SSO at 59.95. We are oversold on the hourly. The question is...has the market changed direction or is this a healthy correction?

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=3&mn=0&dy=0&id=p23660228577

I don't give much heed to the 50 ma, but it just proved to be a wall. The slope should be up by now and has not.

[GLENO34]

Well we got to 47.39..Be nice if that was it..