You saying we'll be back over 1730 in a few weeks?
Then it will go up 20 points in anticipation of a debt ceiling deal, then go down 2 points when a deal doesn't happen, then go up 20 points in anticipation of a deal, then go up another 20 points when it finally happens.
Already 2 straight 10 point down days on news that we ALREADY knew would happen! Plus I don't ever remember the SPY being down 3 days in a row this year. Futures tonight will probably be +5 at least, even if there is a shutdown.
Good point about that empty zone. Looks like the market will gap down to around 167.50, so you would think it'd go up from there to fill that zone.
I'm interesting in seeing your call. Right now we don't even know how much lower it will open. Maybe not much, because it's not until Monday at midnight when the shutdown actually happens, so still time on Monday for a deal to happen.
I agree with you, everyone thinks the shutdown is bad, so buy the dip tomorrow. Then maybe in 1-2 weeks reshort, probably will be a bad October.