Replies to post #267609 on SPDR S&P 500 (SPY)

[mcd2inga]

Wow, must be big Chris Mathews, MSNBC watcher.........

[gdl]

Sold Puts near open. believe we have 2 more days of shallow moves. If so expect a much larger drop, below 2790 which has strong support.

This should be the setup for a BIG drop. Notice the SP500 still hasn't reached it's old highs. IT is a very big deal. I think this coming drop will push back the break above new highs for many months to come.