SPDR S&P 500 (SPY)

[DowDeva]

Now an almost perfect rectangle on the SPY daily. Projects to 10+ points, whichever way it breaks.

Back in the second week in March I made a call for 3270 SPX, then lost my confidence in that call as time went on, which is very different from re-evaluating a projection based on new analyses.

I have reconsidered and will be buying August expiry otm calls on the next appropriate bottom/support and rolling my Sept otm puts out to October.

Still think though, as Dr. Jerry said so well, that there will be clean up work in June.

~d