SPDR S&P 500 (SPY)

[NetNeutral]

What we are watching, and WHY???

Play-r’s, we take r trend change signal VERY seriously and will act accordingly this morning in regard to us being 100% Long into the close on Friday. In other words, we will be buying puts with reckless abandon on ANY attempt to breach the 206.95/207.00 level??

That said, while our signals are extremely reliable (Q’s signal came on 4/22 and we all know what happened next)et us excit, we also have an advantage over ALL TA, Charts, Paper, well, you name it, in regard to confirmation of said signal??

Unlike other systems that need dis, dat, or whatever to cross over, pass under, etc…, we KNOW our signal is good to go based on price!!!

In addition, there is ONLY ONE way the SPY can negate said signal, it MUST breach and CLOSE above 207.78, PERIOD!!!

In summary, GAP’s up, intraday Up, and kissing and Making Up do NOT get us as excited as when we was Young and Foolish! BUT, STAYING UP (especially above 207.78), is what gets us excited about the possibilities and ST Future!!

Let us watch dat 207.78 level and IF and ONLY IF price can CLOSE above said level will we get excited about our calls that all start going green above 208.75???

Good trades ALL…