Replies to post #233835 on SPDR S&P 500 (SPY)

[risk on]

Last time DOW / NAS , had this type of dichotomy of directional opposites was back during the dot com bubble. The Nasdaq started sliding while $ went into blue chips, but then the pull from the Nasdaq slide quickly ( w in Weeks) overtook and all indices started sliding together. Now, today's divergence is purely anecdotal at this point, however , something to keep an eye on.

[ArchiH]

Yep, exactly what I've been noticing all week and was dumbfounded by today's early move, but I'm glad that I stuck to my beliefs and loaded puts above 244. Holding a quarter of my contracts and hoping for a little gap-up and run on Monday to load some more.

I think SPY hits 240 next week, and that's only the start of the bigger drop...

JMHO