S&P 500 Analysis & ETF Trading

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After the morning bear raid by the algos, 5 min yoyo can't pick a direction. Crooks are waiting to spring the next trap. I don't see enough meat on the bone for a daytrade with options. Too much slippage both in and out. e-minis would be the vehicle of choice for daytrade, but I don't have futures account so I'm out. I lean towards a swing long trade on the Q's with Feb calls into next week, but so far no trigger for entry. Last half hour should give a clue. Probably just sit on my hands and watch biotechs going parabolic. KITE for example. Not in it as it is extremely extended on news and hype. Definitely not on profits. It has none.




Yoyo spinning in space...