SPDR S&P 500 (SPY)

[risk on]

Wanted 265+ today because it would of cleared sma 20, and the fact remains, SPY is closed below 9 ema, until that condition is rectified, I’m very nervous that a much bigger sell off could occur.

“need 267/268 to get out of my 4/27 calls with a little profit... ”

I think we see enough of a surge in AM to convince the herd of higher, which may allow for Savvy trader ( those willing to accept loss, admirable trait) exiting at a nominal loss for immediate exp dates, but then they may be sorry when Friday comes and SPY goes for the record UP day. Yeah, we are way past due for a SPY hunting party in the bear reserve , during hybernation season no less. IF SPY is going to avoid a major drop, it will need to break out of this range morass that’s been in place since 02/01/2018 , and there’s only one way I know for SPY to do it, on a freaking rocket ship !