Replies to post #59452 on SPDR S&P 500 (SPY)

[learningboutinv]

Well I guess if we end the week on a positive note (Weekly NDX in the green), if this is like the past 6 out of 8 OEs, we may end on a negative note next week. But then of course if the fed cuts, Leh actually finds a buyer with the help of the Feds/Treasury and hurricane Ike blows over with no damages, we could be setting up for another positive week like in August.

There's a lot of what-if scenarios which basically means we're at a pivotal point here and the next breakout which ever direction is going to be big.