SPDR S&P 500 (SPY)

[risk on]

Well Boyz ( & Ang) looks not good for calls. Close below 9 ema and 271 (S), especially after just beating the 9 ema roundly yesterday, oh and let’s not forget the coup de gras, the bear harami candle. This is looking very dire for longs.

BUT.... I said the same of Tuesday being bad for puts, and judo

I said Wednesday being bad for calls and Judo

I said Thursday would be bad for puts and judo

All based on the 9ema closes above or below the previous day, and....

Now it looks way worse for calls, and ....?

We shall see