Replies to post #248287 on SPDR S&P 500 (SPY)

[AnG5640]

She’s coming down baby!!

[NetNeutral]

Spy has breached the R1(269.84),on a closing basis, and is well above the COTrend line which moved to 267.73 as of yesterday's Close!

Our 300 4cast in 6 weeks is playing out and as we write Spy is attempting to GAP above yesterday's ATHigh of 270.64!

With the DJ-30 within throwing distance of 25K, Spy only 1.0% away from the R2(273.17), and the Q's trying to complete a Three White Soldiers pattern today, we expect more Pain for Shorts!!??

That said, we Totally expect some pause today or Friday B4 Spy continues to drive towards 300 next week??

[NetNeutral]

USE-ing the GAP up to add 1/5 267.50 puts at 0.30, 0.69 avg(Takes us to a Quad)!!