TheShortLife
Short

SPY Possible Bigger Drop in the Works

AMEX:SPY   SPDR S&P 500 ETF
167 0 0
Expecting a back kiss of this trend line. I think the best move as a big smart money is to create a false move up, and drop it again.

The second drop will really clear out weak hands and harvest those sweet, sweet late bulls. The time to buy will be when SPY             is protracted outside lower daily bbands because at that point it will show complete exhaustion and overly exuberant fear driven selling.

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out