Replies to post #192746 on SPDR S&P 500 (SPY)

[Mma20]

Lol u wrote all that to look smart .. Let me break it for u and Save these people the trouble of reading ur bs

We gonna dip first mon tue .. By end of week North 207.5

By end of secound week in April 208.5 and higher

Follow the paper

Check out the bets on spy www weeklies this week and next

[Scripo]

I like IBB for potential catch up trade. If were in a sideways pattern here might take some calls out on the bio's. Also to hedge my puts here.


No mention of Oil? Im surprised nobody is talking about that divergence. It caught up to spy in end of Dec. Still holds the same weight i believe.

[imiloa]

dips early next week, followed by more rallies make sense to me.
daily RSI is OB again, but RSI has kissed OB a couple times already mar 17-21,
so no telling how many more times they will rally markets
before they finally let gravity take over.

i'm still thinking drop starts end of may or early june,
just based on the oct-jan pattern.
but that's just speculation.
and this rally has already lasted 50% longer than the oct rally.

so maybe the sideways top lasts 3 months instead of 2 months
ie: til end of june, as you suggest,
before gravity takes over.

i'm just playing it week to week for now.

still holding my EEM puts and VXX calls into next week.
could have set stops at nearly 2x gains on both friday morning
but was offline due to dead home network
amid heavy client load.

if only i could bill my ISP for the missed gains... ;-)