Replies to post #103448 on SPDR S&P 500 (SPY)

[youaretheone]

close but no cigar...

next week btw the 27th and 29th, we will see the bottom...it will be fast and no one will catch this knife (unless you follow my intructions of course :-)). give or take 6.25pts on spx, we will see 1000. then, and only then should you think about a hold long position for more than just a scalp...the bounce should take us up to 1112-1150, and that will be achieved in short order...then you go all in for the mother of all shorts. this mother of all shorts would only be negated if 1156.25 is breached on a closing daily basis. and if it is, then we will for sure hit 1250. but i don't think that is likely. tmw we will challenge the 1093.75 spx level, but will not close above it. monday get above 1100 briefly but fail to hold it, then watch out below...