this is one of the most useless OVERPAID government agencies that exist's today, I often wonder how much it cost's us the taxpayers to employ all these millionaires that run this joke agency.
we all remember the turmoil that occurred when Greece went BROKE, use a multiplier of 10 when Venezuela goes into default. you will notice I did not say IF but WHEN it goes into default, it's inevitable for this socialist country to go down that road soon. GLT A
the rise from Oct. 17th with the SPY around 186 up to 208 was parabolic, we are now in the midst of correcting that move, way to early to get back in on the upside, this is a falling knife right now. We will get a "big surprise" soon and that may just turn out to be that 1000 pt. drop I've been talking about for the last few weeks. GLTA
All of your points are extremely valid which is very scary to me, I believe it will be a third world country going into default because of tumbling oil prices. We all know the Greek fiasco a couple of years ago, multiply that event 10 times if something happens in lets say Venezuela we could easily see the SPY below 170. Oil prices will have some unforeseen consequences in the very near future.
205.64 gap was filled yesterday, next target at 201.07, GLTA
could happen any day in the next week, THATS YOUR SANTA CLAUS COLLAPSE. GLTA
thats where we are headed in the short term. GLTA
this is going to happen, sure looks like a place to happen after this parabolic rise since Oct. 17th 2014.
most dependable indicator there is, gaps get filled especially this many in such a short period of time. GLTA
what history tells us is the opposite move is underway with the move as violent on the downside, only difference is we get to 16,000 much faster than we got to 18,000. GLTA
there is your tell, it happened at 4pm yesterday, check the charts.
thats as close as I can get at this point.