Replies to post #101448 on SPDR S&P 500 (SPY)

[GLENO34]

Getting into OS territory on some stuff tho?? but that will not matter much if we are really going down...but a hit of the daily 50MA was pretty big today...might need a bounce before slicing on thru..??

[whereismyorange]

Hi you,

I would also expect to close new the LOD, on a day like today. Here is a chart I use to draw trendlines. I typically use trendlines with turning oscillators or MAs to enter or exit trades. Right now we smacked the bottom TL and are moving up. I closed all my puts and only hold SDS now. I am thinking more down, but it looks like it might be a grind for the rest of the day, maybe even some UP.

Maybe we'll have to wait until tomorrow. I'm thinking all the uninformed will panic when they see the news later today. Should be good for another day of selling...

Just imo...

www.stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=1&dy=22&i=p76777505413&a=199083548&r=8056