AMEX:SPY   SPDR S&P 500 ETF
737 8 4
Bearish on SPY: Expect a short-term pullback to the 50DMA in the following days.
SPY             should drop to around the 130 level.
Agree. What is your opinion on this?
Doug Kass projection for the SP

Doug Kass projection for the SP
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GeoPax charttrader
4 years ago
i find it highly unlikely. this scenario would play out if you have a greek default or something similar. but i doubt that will be happening soon. i actually consider it more likely that the market nears the highs of 2007. after a short-term pullback, im expecting the market to have a third leg up. and then you will likely be having some major event (i.e. some country European country defaulting) and you would see the SPY drop from 150 to 100.
i posted this some weeks ago:
SPY
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Entering a short position. What is your opinion about stop loss here? What should i do if it breaks 2001's high?
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good job
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Juan, that was really awesome idea. Could you please update you analysis on SPY? What are you expecting at this point?
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GeoPax charttrader
4 years ago
Posted on the other chart.
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