Lowest Reasonable Target For SPY Pull-back

[noddyboy]

My most reasonable and honest assumption is that the top is not until the puts expire...as for which month is your guess...

 

[Petsamo]

I didn't vote. I couldn't vote because markets are generally not reasonable.

 

[shortie]

projected SPY range for the coming week: 123-119 .

 

[charts]

Quote from shortie:

...

... last year's low

 

[shortie]

Quote from shortie:

projected SPY range for the coming week: 123-119 .

it is only midday Tue and my lower target has already been met, wow! this is going too fast i think.

 

[shortie]

the targets in the poll are still unfilled even after the drop today

 

[shortie]

117 was reached today, many more targets left....

 

[indahook]

Quote from indahook:

Couple stdevs below the 50 day would shake out some liquidity for the long only funds, run the vix good and setup for the next leg on a healthier move.

I think they may go lower. But i`m sending a few salvos over the bow here to see if they sink or run...

 

[shortie]

Quote from shortie:

Found this on stockcharts. this dude has a list of unfilled gaps for SPY. Gaps above 104 are listed:
117.0 - 117.1
112.18 - 112.64
111.43 - 111.54
110.29 - 110.71
107.6 - 107.98
105.46 - 105.67

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2393449&cmd=show[s123237122]&disp=O

still plenty of gaps to fill on the downside

 

[piezoe]

By the way Shortie, before we reach the lowest reasonable target it won't be called a "pullback" anymore, it will be a "correction."

Quote from shortie:

Assuming one day we do get a noticeable pull-back in this crazy market, how low could it reasonably go?

I drew some lines that may be targets, please vote or suggest your own target.

Proposed Targets:
117 - area of consolidation in March
115 - Jan Top
112 - March Gap
109 - Feb Bounce
104 - Feb Low