SPDR S&P 500 (SPY)

[risk on]

Wouldn't go gettin panties in a wad just yet , because weekly candle is resting right on its 9 ema , which is the only thing the weekly needed to do to keep the move up going. Meaning , the weekly candle could just be a perfect touch of the 9 ema and more broken hearts and shattered Puts. If your dates are far enough out on puts then you got the luxury of holding for real blood , if not then you may want to pull a " Bobby sue in ole El Paso " , and just trade the moves accordingly.

I'm thinking I'm gonna hold on to my 9/15 220 p ( not 9/30 ) to see how this AMs action plays before deciding, but I will be very quick to exit my VXX calls ( 3/31 ) because I don't trust it.

As NN said though , we could be getting ready to see - a - sea change , but with daily in OS on almost all techs of note , that change may see many ebbs and flows within it . Up - down , but all the while down ?