Replies to post #240461 on SPDR S&P 500 (SPY)

[BOS-MMT]

Probably gap down today. I expect we may close below 2440 today

[NetNeutral]

SPY threatens to GAP above and fill the GAP at 247.81, BUT, will it come back down, or NOT!!??

We expected a breach of 248.00 on Friday last week but da-Boyz decided to Bait the Shorts instead, WTFE...

Little to no chance of the Shorts getting any kinda relief this week as we expect da-Boyz to keep the pedal down all week with a CLOSE above the ATHigh of 248.91??

This move above 247.56(R8) and a close above opens the door for the R9 and R10 to be breached??



We'll be buying 9/15 249.00 calls and STO 251.00 9/13 puts in an attempt to Fade or 248.50 9/13 puts!

Good trades ALL...



9/8

247.00 calls at 0.85, Long, Sold at 1.10, 0.25 gain
248.00 calls at 0.35, Long, Expired at 0.00, -.35 loss


9/13

248.50 puts at 2.05, Short,