Replies to post #261505 on SPDR S&P 500 (SPY)

[BOS-MMT]

Tomorrow should be a good day to play calls. Especially AMZN Earning is tomorrow. But personally I don’t think Earning is the force driving this market. Mysterious CAT and BA selling off and previous bank earning selling news, big boys have tons of reasons to punish this market. Of course they have tons of reasons to pop too!

[ArchiH]

Nice A/H action, risk, but as we know, it don't mean chit. SPY should have closed 265 today IMO, and the fact that it didn't, is ominous. However, it did close above that 263.20 pivot that NN always talked about, and that's a positive for tomorrow, especially with no real resistance to 265.

I personally think SPY gaps to 265 tomorrow morning and then drops like a rock back to 262...hope I'm wrong...I need 267/268 to get out of my 4/27 calls with a little profit...