quantguy
Short

S&P Selloff Imminent

AMEX:SPY   SPDR S&P 500 ETF
52 0 3
The S&P             continues to rally, but why? Is it because of good economic data? Fed news? Jobs? PMI? None of those reasons are confirmed by the data. The technicals on the S&P             look strong, but if people are buying simply because money is cheap, this signals a bubble. From experience, the S&P             likes to flirt with levels, before making a committed move either way. Some bearish momentum is imminent.
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