Replies to post #89579 on SPDR S&P 500 (SPY)

[Two-timer]

Hey, Fox, are you still thinking the "magic figure 1.5" will cap this rally for now? I shorted the NDX at 1775 and I hope you're right(?). Two

[Fox13]

Two: Yes, I do. The EUR/US$ versus SPY chart (click above) shows clearly that something changed yesterday at the divergence point (10:46 ET). This continues today (not shown). I think we are witnessing a simple valve effect (all/nothing), like in any engine…For a while…