mikeram1971

SPY accelerating Quarterlies!

Long
mikeram1971 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Steep angle on this incline. Unprecedented. Interestingly low volume, say compared to the 2009 issues. That was an intense period of time. Even with the steep angle, it sure doesn't look euphoric with this anemic volume on Green quarters even - compared to 2nd quarter 2007 volume. And wouldn't you say there's more capital available now? What gives?

No sign of sellers at this close, nearly a flat top.

Interesting that in the more recent uptrends prior to corrections, there is precedent for 8-9 Green quarters in a row. I don't know if our angular acceleration is going to be able to sustain that or not. If it does, that ought to be one heck of a correction. AKA, end of world, LoL.

What do you think about the random-ish marking of this 1.618 around $437?
Trade closed: target reached:
Had the chance, we know what happened on the Daily. There was your short and we're retracing some now.

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