SPDR S&P 500 (SPY)

[ArchiH]

Nice A/H action, risk, but as we know, it don't mean chit. SPY should have closed 265 today IMO, and the fact that it didn't, is ominous. However, it did close above that 263.20 pivot that NN always talked about, and that's a positive for tomorrow, especially with no real resistance to 265.

I personally think SPY gaps to 265 tomorrow morning and then drops like a rock back to 262...hope I'm wrong...I need 267/268 to get out of my 4/27 calls with a little profit...