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ronskalit
Aug 14, 2020 5:26 PM

SPY is about to be tomato sauce  Short

SPDR S&P 500 ETF TRUSTArca

Description

Fundamentally, there's yyuuuggeee disconnect between the economy and the stock market. Price up + lower volume = sign of reversal. Be mindful prior to swing anything. Good luck!
Comments
BodhiDharma101
I don't think there's a disconnect at all. The SPY tracks the top 500 companies, those companies benefited mostly from the corna virus.
The small ma and pa shops are suffering the most. But the SPY does not care one tick about them.
ARCHIDUKE
@theoquach, so we just gonna regurgitate what we hear on CNBC now no thinking for ourselves
BodhiDharma101
@ARCHIDUKE, Logic just doesn't sit well with you. I'm just stating my own opinion on the matter. No need to get uptight over it.
Shortatwill
Volume was low for 10 years during the run up. No volume means no sellers volume means sellers unless volume increases it won’t drop
macon2020
A lot of weak hands with stops above 340...... Need to take them out first
ronskalit
@macon2020, We may retest 325.
ARCHIDUKE
@ronskalit, more like we will retest 325 and possibly lower
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