Sawyer170

Theory of fall until Critical high earnings day

AMEX:SPY   SPDR S&P 500 ETF TRUST
Main stocks report on the 27th and have very high estimates. These blue chips are at extreme lows and ready to go from oversold to bought. If they report positive it can really lead to a nice rally. Measuring the rsi daily it looks as if the time frame matches up to fall to oversold territory by the 26th 30rsi to rebound upwards to 70rsi. Just a thought. So sentiment would be short term bearish and mid to Longterm bullish for now.
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