SPDR S&P 500 (SPY)

[NetNeutral]

Not Exactly, Spy did NOT rise to our expectations in regard to moving Up into the Fed announcement, in fact, it took a 180 and has failed epically as it Closed BELOW the Yearly OE Pivot, 266.51 by a healthy 2.00 bucks, Not Good Play-r's!!

In addition, it is threatening to violate 264 at the Open and we doubt it can rise much above 265 today??

In summary, Obviously the Markets do NOT like this Powell guy and we'd not be surprised if Spy violates the S1(263.18) today at which point Spy could go into a Waterfall Cascading event that re-test the 260.85 low from last week??

We'll use ANY Freakin Attempt to tag 265 to add puts to Fade our 268 5/2 calls??

Good trades ALL...

5/2

268 calls at 1.00, Long(Q x 4),