SPDR S&P 500 (SPY)

[imiloa]

spartex, i agree with your analysis.
imo, key question is:
how short-sighted is the market today?
ie: is SPY wetting its diapers on potentially 0.5% rate hike in march?
or does the casino have enough helium to get this jalopy back in the air this morning?

we should know the weather by noon today.
fwiw, UVXY gave up nearly all the gains it made in pre,
suggesting the SPY 30-day put/call landscape is calming rapidlya
and looking back upward.