AMEX:SPY   SPDR S&P500 ETF TRUST S&P 500 ETF USD DIS
226 views
5
226 0
The SPY here has overshot a AB = CD decline

The SPX is some 140 points below its 9ema, a very rare condition.

Intraday, they are stretched below VWAP .

The Put-Call ratio peaked at some 1.8 yesterday, an extreme level.

And in cycle timing it is due for an ICL.

I DON'T expect a rally today, or on half day Monday. But late next week we should see some kind of (dead cat) bounce.

That said... catching this knife is terrifying. Not for the faint of heart or anyone who needs the money.

Long SSO , small position.