OPTIONS TRADERS CO-OP

[johny1]

Taking a look at some charts last night. I had 266 as an important level to either be resistance, and a trip back to 262.50, or gap above and have support for a trip to 270. If that area holds this morning then my first target is around about 268. If yesterday's high is broken then SPY ought to hit 270 this week I think. Now we have a decent bottom on this zig zag nonsense. Although we also dipped just a little lower. Does that mean anything? I have no idea. I'm hoping Pretzel can shed some light on this. I'm glad to hear other people saying this is a difficult market to trade right now, or that they've never seen it like this. It's not just me that's having some trouble with it.