Replies to post #240211 on SPDR S&P 500 (SPY)

[risk on]

That seems logical given the elevated range on most metrics at or around OB presently, on all three fractals. Were we in some break out mass euphoria , I may not give too much deference to that whole " OB " thing , but I believe market sentiment is still " meh ", w a mine field of possibilities to upset the apple cart all through this month.

[risk on]

We may see that gap above fill before any drop though, and I think SPY may be Deek'n here and bust through this R to fill the gap, maybe even today, but don't get shook. As long as that upper bb on daily and weekly stay flat to down , puts are still very much in play . " head on a swivel up here", because we are in that weird pattern where it pays to do the exact opposite of what seems natural