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SPDR S&P 500 ETF Message Board

  • scootr1971 scootr1971 Sep 10, 2012 11:38 AM Flag

    Historic week for those short the S&P

    Just a guess and I will probably be wrong. NO QE3 from the FED. Not a chance.
    Europe is about to get messy as some countries that need funding will NOT adhere to the terms of loans/bond buying. If the German Judge decides against the ECB...another look out below and I believe we break out of the channel to the downside. Lots of risk this week for longs.

    All this is just my opinion of course...I am wrong lot so I am not expecting much.
    Charting the SPY out it looks like we are at the top of the channel again.
    Not a terrible downside 141ish unless we break into the lower level of the channel which should drop us below 140.

    Sentiment: Sell

 
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