What’s next?
$SPDR S&P 500 ETF(SPY.US$
posted an article earlier on, guess I was pretty spot on…. So what’s next? I’d think that SPY would have a dead cat bounce for a little while since its down at its 100 EMA. However, things might get real once the China market opens up tomorrow morning and dips lower, dragging down US stocks down with it too right before more people sell off before the FOMC meeting on Wednesday. Feel free to take a look at my previous few posts with regards to the many MAJOR catalysts which are dragging down the market.
fyi I’m still short bias.
posted an article earlier on, guess I was pretty spot on…. So what’s next? I’d think that SPY would have a dead cat bounce for a little while since its down at its 100 EMA. However, things might get real once the China market opens up tomorrow morning and dips lower, dragging down US stocks down with it too right before more people sell off before the FOMC meeting on Wednesday. Feel free to take a look at my previous few posts with regards to the many MAJOR catalysts which are dragging down the market.
fyi I’m still short bias.
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