Replies to post #170237 on SPDR S&P 500 (SPY)

[risk on]

Don't chase, if you miss out, don't feel like you HAVE to trade, you don't . There will be plenty of better set ups. It's like surfing , most great surfers could probably ride every ripple, but they don't do they, they wait for a good looking set then ride, and they still don't always hang ten.

[imiloa]

yeah, i bet on an EOD bot run yesterday, too.
pattern seemed to be setting up for it.
lots of selling pressure, but each sagging drop caught with a strong staircase rally.
i guess the bots decided to start happy hour early yesterday...

what's the exp on your calls?

i'm still expecting a manip rally into the FOMC
as we saw in sept.
esp if the fed starts mumbling this week about how market weakness or ISIL or whatever is giving them pause for thought about a rate hike.

if dec11 exp, could be dicey.
if dec18 exp, you might get a chance to recoup by next tues.

no way to know in this market
which is why i generally don't hold overnight
unless i have long exps, as risk notes.