Follow-up On Tuesday Comments

Well, the Tuesday auction was rather nasty. SPY fell from $529.73 at 1:00 p.m. EDT to a low of $527.11 at 2:39 p.m. EDT. Then SPY rallied into the close in a total sucker’s rally if you held on after the close. SPY closed at $529.87.

The overnight high was hit at 4:05 p.m. EDT when it hit $503.38. Currently, SPY is at $526.09. So here we sit and ….

There …