Replies to post #217423 on SPDR S&P 500 (SPY)

[NetNeutral]

Got dem 213 calls at 0.90!

[NetNeutral]

Weakness prevails and we must submit to the fact that SPY has Closed below the OCT-OPEX close of 213.98 the last two days, 213.75 and 213.17!

In addition, SPY completed day 13 of a Down Trend since the COT confirmation on 10/11, Not Good for Longs unless this Down Trend in exhausting itself??

Buyers look to be waiting for lower prices or a break-out above the Wedgie before they commit new money, hence, we play between da-Lines??

Its also common for da-Boyz to put on a Fake Break-Down show before moving to new ST Highs, currently 219.22??

The COTrend line moved to 213.73 as of yesterday's Close and ONLY a close above said line will get us to even consider a bullish bias for next week??

We'll fade our 213 calls today and buy 214 puts if price Opens above 213.17??

Good trades ALL...