SPDR S&P 500 (SPY): Today is Opex, SPY closed with 0.50 of t...

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Re: NetNeutral post# 199400

Friday, 05/13/2016 9:03:26 AM

Friday, May 13, 2016 9:03:26 AM

Today is Opex, SPY closed with 0.50 of the target close for said Opex, hence, we should NOT expect much of a trading range today as da-Boyz attempt to BURN, BURN, BURN Delta with reckless abandon for those holding said Delta, LOL??

We expect the SPY to be restricted to trading between da-lines, 207.00 for a high, and 205.50 for a low??

We'll be buyers of price action below 206.00 and sellers as price approaches 207.00?

That said, ANY Freakin violation of the wkly low, 205.36, will have us in Full Bore Melt-Down mode and the daily range is thrown out as we all know what happened 4/29 when we had a 2.63 range in ONE freakin day as prices dropped out da-Bottom??

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