Replies to post #229122 on SPDR S&P 500 (SPY)

[imiloa]

agreed. SPY 5min ema9 R holding
with 5min Awe still strong bearish
and 2min Awe saucering red after rally attempt
while VXX bull flag holding...

still holding all puts for now,
watching 5min ema9, will bail if SPY breaks above ema9...

edit: that was quick.
massive 6min buying surge @ 10:34 on EIA petrol report.
just regained full first hour drop.

EIA Petroleum Status Report
Released On 3/22/2017 10:30:00 AM For wk3/17, 2017
Prior Actual
Crude oil inventories (weekly change) -0.2 M barrels 5.0 M barrels
Gasoline (weekly change) -3.1 M barrels -2.8 M barrels
Distillates (weekly change) -4.2 M barrels -1.9 M barrels

[imiloa]

SPY strong bull flag since the EIA pop.
i've been watching for weakness for a reentry for puts
but SPY's looks like it wants to break higher from the bull flag...

fwiw, today's max pain currently 235.50
about $2 higher...

edit: back in SPY mar22 233p @ 0.15
mostly a hunch, based on daily
and 5min Awe shifting bearish despite the bull flag...