Replies to post #95621 on SPDR S&P 500 (SPY)

[MRCapital]

My take...Yes, they got the shorts to cover for the weekend. A lot of fear, and uncertainty remain. However, I did notice whenever SPY hit $108 it was met with heavy selling. If its met with heavy selling yet again this time around on the downturn the $106 is going to get breached, and new lows will come. May take us to SPY $100 or even lower. Vol. is increasing, and this is now a war. Too much volume for them to take this up on low volume days... AP comes out that market break to the upside will happen next week. My guess market will breach lows next week, and rally opex friday...What if whoever got all those puts on the indexes were the boys? HA