Not Exactly...
Absolutely Nut-n to like about the price action yesterday in regard to ST bullish, :-(
We'll use up action to add shorts to fade our long plays!!
It is very likely we have to re-visit the lows of yesterday but it would NOT surprise us if SPY closed at the highs today??
That said, 246.70 +/- is like-lee the top today with the low being anywhere from 245.70/244.70??
We'll be picking up 9/13 248.50 puts on a move above 246.50 (we'll exit dem puts on a violation of 245.50)!!!
Good trades ALL...
9/8
247.00 calls at 0.85, Long,
248.00 calls at 0.35, Long,