Replies to post #281220 on SPDR S&P 500 (SPY)

[jxyzobrien]

one day does not make a market
the market is very short and away from value with late day trading. In addition the day following the fed is usually the opposite

now if the market can't get back into the value area tomorrow
or gaps away then confirmation

all the selling was in 1 hour and the put call .79. vix was up
not off hook. now if we had sold all day and steady fine.

the market has to adjust the too short market.

this was short term traders trading on news stories.
tommorow's value area

thing is failing twice at the open es 2954. you have to at least sell your calls.