Replies to post #188880 on SPDR S&P 500 (SPY)

[imiloa]

as noted by email, i agree with the setup you describe.
and the high mar4 call open interest also suggests a flush could be due.
(another form of distribution, tho, in the form of "tax collection")

def agree that we likely see higher this week
for reasons already posted multiple times earlier.

i'm remaining optimistic until proven gutted tmrw. :-)

and going fwd, i'm done with weeklies,
aside from quick scalps on momo.
no more holding for a day anticipating a setup.
that worked well last few years (aside from oct 2015)
but it's only burned me since early feb.