SPDR S&P 500 (SPY)

[NetNeutral]

SPY completed day 18 of an UpTrend, COTrend line moved to 227.36 as of the close at 227.53 Tuesday!

As suggested, 227.35 would be a tough nut to crack in regard to SPY CLOSE-ing below and SPY came through with two closing days around 227.55!

We expect SPY to CLOSE below 227.35 and trigger a SELL Signal today??

That said, looks like SPY is gonna Open up a few pennies, may even get above 228.00 and get as high as 228.15/228.18 before going back down to retest 226.74 (FebOE Pivot)??

Obviously the FUN will come after Fed Announcement as da-Boyz like using said news as an excuse to move price at random without a Full Scale Investigation being launched??

We'll be buyers of 2/1 puts on a breach of 228.00 in anticipation of the 226.74 retest??

Good trades ALL...