claydoctor

SPY consolidating triangles

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AMEX:SPY   SPDR S&P 500 ETF TRUST
6
We had a double arc recently, just like in 2008 before the 26% correction in ten days, and as I have previously posted, i think this latest rise and fall, third rounded top, is a false measured move IMO, just not sure why, but I smell a rat, someone's keeping this market a float, maybe yield chasers, no where else to go, AND IF THAT IS TRUE, and today's move down was any indicator, flash crash is very possible, or at least a flash correction 20 to 30%. Still in cash, these seas way too rocky for me, but soon, very soon... watching, waiting, for the higher volatility and volumes to indicate the new directions.
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