kreyg

SPY Broke Medium-Term Trendline

kreyg Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Broke the recent accelerated uptrend (though not quite as parabolic as last time). Broke medium term trendline. I was really expecting to see us get closer to 300 before the big drop, but we got close. We're hitting the middle of the linear regression, which is about the only support I can see for miles. Braver men than me will short this straight to 250.
Comment:
Well, there's the 250. Now what?
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