FoggyLights

SPY: Update for Friday

AMEX:SPY   SPDR S&P 500 ETF TRUST
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Here's an update of the chart I posted yesterday. The sell off into the close is telling me the bulls are not fully in control yet. If this is a cup we are likely to see a handle formed up shortly. Emotions are everywhere.
Comment: As part of the bigger picture I think SPX is going to continue to slide down slowly and will hit a 50% retracement level eventually (around 228).
Comment: More exact: 50% is 2240 according to this chart:
Comment: Here's a question for the club. Answer and you become the honorable club member:
Comment: there was a discussion
Comment: I've no interest to discuss club matters in the public park (chess piece moved).
Comment: Among other things: who was being naughty today and tried to short twice too early? Need to discuss.
Comment: At peace and in meditation today. Lights on, doors off the hinges.
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Comment: Don't spit out cognac they said. They were brutal but good teachers.
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Comment: not being naughty or anything - just having an opinion, I cherish you opinions too, no sarcasm
Comment: k, deal, have a warm day - i'm wrapping it up here, the birds are hungry :)
Comment: p.s. greetings to the quants
signed: amateurs
aaaaaaaaand THAT was very strong!!!
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who was sporty all day?
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! Curves are time +space. Time #1. We measure vertically. Yellow Submarine, Inc.
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Time and space are not conditions of existence, time and space is a model for thinking.
- Albert Einstein
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I'd rather study philosophy than do any of this, but philosophy distorts the matrix too much.
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Take a look at what happens at each vertical line. For the club members only. We can discuss.
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I'm not mentally challenged. I like mental challenges. Welcome to the club.
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