SPDR S&P 500 (SPY)

[Wishthiswasmyjob]

I agree... big green weekly candle
coming next week. She was held down all week and
today it felt like a coiled spring the last 3 hours.

I can't even imagine the money made in expired calls...

When we look at the activity of Wednesday and Thursday, the run ups, the bookies did a good job of pinching the shorts and puts....
They did their job and did it well, minimizing the profits of option holders across the board, and maximizing theirs.

Everyone was waiting for the upward spark and it never came - today...
We all know the big money on the sidelines, and we'll get that solid up move - probably starting with a 30 point up gap, either Monday or Tuesday morning.

The game isn't about the economy anymore, it's about the bookies taking it where they can make the most money by causing pain to the players. They have established the playing field, they know the bounce off the 50 day is an almost given, and they'll be ready to unleash the rocket early next week.
They know any fear will quickly turn to greed, and the ferocious climb will occur.