$SPY I don’t care how it bounces I wouldn’t touch this with a 10 foot pole. Remind me how $BAC and $JPM are doing this past month? I’m sure it’s totally coincidental and not a genuine, emerging, bearish sentiment towards the market as a whole. Let’s just keep pretending the S&P’s all time highs are definitely an accurate reflection of the American economy right now, and that MM’s haven’t been pumping big market caps allllll summer to bloat it up even more.
12 times the S&P has tagged the rising 50sma since October. 10 times it bounced the next day, and several days after. $SPY $SPX
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