SPDR S&P 500 (SPY)

[NetNeutral]

SPECIAL ALERT:


Yes, on Monday b4 the Open we posted about the Jiu-Jitsu cross and how Spy was gonna take some Shorts out to the Wood-Shed, and yes Spy violated the R3(276.50), and even made a galant effort to run up to our R4(279.84) target, BUT, up from 268 to 278 in EIGHT days, NOT GOOD, da-Boyz will pull the Rug out and create a BEAR TRAP of meaning Friday and Monday with a Drop of meaning!!??

We expect a Gap down in the morning that will be LOWER than today's low, then a GAP fill at 277.37, with a VERY LIKELY New Higher High(today Spy posted the FIFTH Higher High in a row) B4 rolling over and CLOSE-ing between 273.17/273.60??

Now, with all that said, we expect Spy to make a New Higher High for TEN days in a row, leading to a New ATHigh by Thursday 6/14 B4 it rolls over and heads Back down to Re-test WHATEVER the Open is Friday!!??

In summary, we're gonna get some GREAT buying opportunities Friday and Monday B4 Spy kicks it into High Gear and da-Boyz Jam-r up to take out ALL the remaining Bears out of the Game!!??

We're positioned for all this with our 275 6/8 calls and 6/11 277.50 puts and will add and remove puts and calls accordingly as this ridiculous volatility leads to some serious coins being posted for those who play it right!!??

Good trades ALL...


6/11
277.50 putts at 1.04, Short(Q x 8),

6/8
267 putts at 0.75, Short(Q x 16)

275 calls at 0.80, Long(Q x 4), Sold at 1.05, 4.00 gain(Q x 4)
275 calls at 3.10, SHORT(Q x 4), BTC at 2.00, 17.60 gain(Q x 4)
276 calls at 0.65, Long(Q x 4),

Weekly Gain, 21.60