Replies to post #262625 on SPDR S&P 500 (SPY)

[NetNeutral]

Some charts of meaning...












The Nine day candle chart has stayed GREEN the entire correction since the initial drop and the Tall Green Candle 4cast completes on Monday 5/21???

[NetNeutral]

As expected Spy did have one more up day on Monday but Waaaaaaay lower prices then we expected, 274.08 was the HOD, and this allows for the back-test of the Yearly OE Pivot, 266.51, by Wednesday??

That said, we do NOT expect this weakness to last more than two days, hence, we'll exit all short plays by the Close on Wednesday and be 100% long going into Thursday's Open??


5/18
273 putts at 2.05, Short(Quad)

274 calls at 1.20, Long(Q x 8)


5/16
270 putts at 1.15, Short(Q x 4)

Good trades ALL...