SPY/XLF spread looking good again.
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The ACD Method
- Thread starter sbrowne126
- Start date
Euro getting killed through the A down.
A down in the ES is 1229.75.
DG had a failed monthly and inrta-day A up today.
Quote from Maverick74:
Seven handle bounce off the the failed A down in the ES.
Equity market looks like it doesn't know what to do. 124.97 was 12/1's close...we are printing 124.66 right now. Volatility is still getting sold though. Do you think we get a move up into the end of the year?
Quote from Shanb:
Equity market looks like it doesn't know what to do. 124.97 was 12/1's close...we are printing 124.66 right now. Volatility is still getting sold though. Do you think we get a move up into the end of the year?
Yeah. Every bad news item is getting bought. Volatility is getting crushed. I don't think it's going to be anything special. It feels like it's going to stay choppy with maybe a grind higher. Any positive news could deliver a strong pop. The problem I see is nothing is really breaking out yet all the dips get bought. I think watching the spreads will be key. DIA/QQQ, DIA/XLF, DIA/JJC, etc.