High yield default cycle, zombie banks and collapsing China just what the future holds once reality returns and machines turn the dial.
SPY
- Thread starter Phill Twist
- Start date
oil going down, SPY going up. only follows oil on way up. what a market we have. lol
Stay long above 2060 go short below 2060, a move below 2040 is a market sell signal, over 90% of stocks above 50EMA, earnings key.
SPY is approaching resistance level with decreasing volume. Currently holding short position.
just adding to my shorts from 204 and waiting for the disaster
Volatility is still low, before disaster come we may see a couple of weeks of side-way action. Even if we have 2-5% decline, most likely we will have a bounce up. If it happens and Volatility on the S&P 500 goes up (14-ay ATR moves above 1.3%) then we may talk aout a coming disaster.
If we do not se increase in voltility then we cannot expect a disaster. Low volatility = calm investors.
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Hard to find a good trade location to short, this is a one sided market technicals don't mean anything, machines terminating shorts.
Congrats. We reached all-time high if adjusted for dividends.