SPY should still pull back although I am not shorting the market as ccpi and gcpi are too low.  The mutual funds and wall street will be looking to take end of year profits that has been going on for many years. As September and October have been very good, November should see another pullback.  The best time to play a SPY rebound will most likely be Nov. 25. When SPY hits the bottom of BBd, I say buy. The Christmas Rally will follow and a good time to sell will be Dec. 18 in the morning say 10-11am.  Recently the peak price was the morning of Oct. 30 just after the Fed announcement.