Replies to post #254510 on SPDR S&P 500 (SPY)

[risk on]

I imagine all the cAll holders feel about as good as put holders did after Wednesday’s close. Right ? Perfect candle for Spy to lose its chit , and voila , gap UP ?! Lol

I just hear the chorus of low specific mental heat capacity sorts clamoring about SPY closing over all the lines of note w a perfect start right on the 9 ema , “ oh boy - oh boy “ , well all those calls sold , what do suppose the sellers of those on the hook right now want Spy to do ??

That’s the true pattern we are in, where the norms are now in bizzaro world , and tech indication candle patterns don’t have the same effect , in fact , even the opposite effect possible , as we’ve seen this week.

Up - down - up - down range bound pattern, Til it’s just DOWN .

The up - down range bound part could play out over months first .

Why do I think big down ? Multiple reasons on multiple different fractals , but here’s a brand new one I just spotted , the upper BB daily ( 50,2,2) is flat as 3 day old open can of Diet Coke . That tells me the top has been put in , if not , damn close to it .