Originally Posted by
amoeba
This isn't an opinion; just chart the SPY 2 years and focus on what happened post-June 26 and December 30, 2015; is the third time a charm? Doubt it. If there's some kind of relief rally that comes close to the 20 EMA, around 2,141 (or exceeds it, as witnessed in early July 2015) - consider it a gift horse selling opportunity, to then await a correction to come near or post interest rate action, and go from there. I don't buy the election anxiety theory; that's over, unfortunately perhaps.
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