SPDR S&P 500 (SPY): Interesting scenario developing here wit...

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Thursday, 08/09/2018 4:44:02 PM

Thursday, August 09, 2018 4:44:02 PM

Interesting scenario developing here with SPY...many many individual stocks hitting ATH's but SPY looks to be topping-out...

The ridiculously low volume enables "da Boys" and algos to keep pushing this UP UP UP, and they're clearly protecting SPY 285 and bid-propping all over the place...

They either gap and RUN above 286 (although I cannot see a catalyst - maybe low CPI number tomorrow), or SPY drops 3-4 Dollars tomorrow/Monday IMO.

Personally, I have UVXY and added heavy 8/17 SPY and QQQ P's today, also AMZN 8/17 1880 P's with no "security blanket"...looking for a 10-20K payday next week!

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