these gaps will be filled, you can figure what that means for SPY. GLTA
from that huge upside move we had starting on Oct. 17th, each of those numbers has to be hit to close the gap, 5 gaps remaining with that 186.27 created on O ct.17th 2014, I firmly believe we will go substantially lower than that 186.27 over the next 5 weeks, remember this we had 7 straight weeks on the upside, as the pendulum swings it would be very likely to have 5 or 6 weeks straight down, so far we have 1 week down after 7 up.. GLTA
I beg to differ, their government owns everything in this country that Chavez destroyed, isn't funny how "karma" works, he died at a very early age, go figure.
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