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05/11/16 9:11 AM

#199047 RE: Scripo #199046

This is THE MONTH. MAY will be the month where spy either capitulates to the 20 year monthly cross, or does something not done in its history, that being; have a monthly cross and then disavow it only three months in. I frankly do not know what it shall be. But, I do know my nerves will be tested like never before the rest of this month.

imiloa

05/11/16 9:32 AM

#199053 RE: Scripo #199046

fwiw, big rally candles in the first couple minutes.
but my SPY put prices haven't yet dropped from opening bid.

USDollar

05/11/16 9:37 AM

#199058 RE: Scripo #199046

I get the ex games, but unless you refer to immediate future I don't see the "make it look like bottom was going to fall".
The correction from (mid) April high has been very shallow and orderly all the way (into d50 and lower bb). No bottom fall feeling.
The only day that doesn't fit and I referred to was yesterday.
It did not give a chance for some types of traders to go in with "normal" buying patterns as spy was relentless up.
To fix that I think spy has to go back down more significant than few measly cents.
If not, who cares, it's all good, I will just wait for a good short
I can wait, I don't need to prove EOM trading performance

Like I said yesterday odds are very low of a back to back manic days in same direction (unless is panic or strong squeeze which is panic too, but don't see it)