SPDR S&P 500 (SPY)

[NetNeutral]

Spy has exhausted its Up energy and is poised to drop significantly this week as da-Boyz lure in Shorts(they've left the building but eye suspect they'll be out in full force at the close on Monday), and scare off da-Bulls???

Spy closed at 277.13, just pennies above the COTrend line, 276.44, and will likely GAP down -2.0 plus on Monday morning(futures already down -1.00 and should weaken into the open) and NOT stop going down all day as it drops +/- 5.00??

Should see lower prices on Tuesday B4 a mighty reversal on Tuesday to close slightly above Monday's close?? Then down Wednesday morning with a ridiculous recovery to close at or near 274.20???

Then my fellow play-r's, it's turn out da-lights as Spy decends into the Abyss with a test of 261.60 on 6/22 and 259.16 on 6/27!??

This Down-age will last 9-11 trading days and then Spy starts a two month-long climb to tag 300 by Labor day, WooHoo??

Hence, we'll be buyers of 6/20 puts at the open and straddle SPY at the Close to play BOTH the Down and Up pin action Mon/Tue/Wed???

Of course we'll be 100% SHORT at the Bell on Wednesday in anticipation of the 259/260 thingy???

We go into Monday 100% cash...

Good trades ALL...