Extremely Intresting Market Still Ahead: We Are At A Crossroad

[Petsamo]

Quote from Lojanica:

die ganze Nacht durchbüffeln

I love your German women but you suck.

In other news, Japan raised their markets, and the futures are less negative.

 

[shortie]

Quote from shortie:

my proprietary reasonably sophisticated neural network projects a short-term bottom (should hold for ~1 week at least) tomorrow SPY ~109.8

Futures are dropping:
E-mini S&P 500 (Dollar) Jun 10 1107.75 -11.00
E-mini NASDAQ-100 Jun 10 1872.75 -15.25

Mark this post!

moving support to SPY ~108.7

current SPY 110.6

the bottom is near, i can smell it already

 

[Petsamo]

SPX bounced off that 200 day SMA again (I'm not counting that accident on May 6).

 

[shortie]

put/call 1.53 is there a major news pending????

 

[noddyboy]

Quote from Petsamo:

SPX bounced off that 200 day SMA again (I'm not counting that accident on May 6).

No?
http://stockcharts.com/c-sc/sc?s=SPY&p=D&b=5&g=0&i=0&r=6772

 

[noddyboy]

Quote from noddyboy:

No?
http://stockcharts.com/c-sc/sc?s=SPY&p=D&b=5&g=0&i=0&r=6772

Sorry -- try this
http://stockcharts.com/h-sc/ui?s=SPY#

 

[noddyboy]

The difference I believe is dividends -- you need the total return index of SP500, not the SPX to do your analysis of 200SMA...

 

[shortie]

 

[shortie]

so the market is scared shiftless of FOMC

 

[noddyboy]

Quote from shortie:

As I mentioned, as this is not a total return index, the dividends paid brings the index lower than it really it, so it is easier to hit the 200SMA but it does not represent real economic loss in value. When you use SPY, stockcharts uses the total return as I verified with Bloomberg.