Replies to post #377339 on SPDR S&P 500 (SPY)

[deadjim]

Unless they prop it and we are going through a decade of 70s type of spiral inflation i think under 3000 SPX is in the cards

[imiloa]

hey spartex!
great to see you're still here despite the SHOUTING noise.

re: correction, no idea.
i'm scalping the drops for solid returns,
wondering when it might bounce instead.

saw that huge sell at the end of a put scalp (418p) yesterday.
seemed to suggest it would continue lower,
but the next big leg down didn't come until 17:45 in AH.

with the buying in pre this morning,
i was anticipating a morning gap-fill attempt
from which to consider intraday puts.

but it seems the rally got snuffed at the open.

wary of potential headfake in first hour,
so just going to watch and see how it plays out.

what are your thoughts on today and the week ahead.