SPDR S&P 500 (SPY): Daily chart is now showing a clear bulli...

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Wednesday, 09/02/2015 1:44:30 PM

Wednesday, September 02, 2015 1:44:30 PM

Daily chart is now showing a clear bullish pattern. I think we finish September above 200. I'm looking for a good entry to buy 50K worth of November 200 calls. If things play out how I feel they will we could be at ATH again by mid November or much sooner. Of course my outlook could change depending on how things unfold. After the drop to 182 on 8/24 I was bearish and expecting a larger move down but based on the chart movement we've seen after that drop, I'm now thinking we see a recovery.

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