Replies to post #54437 on Options Wonderland

[???]

Asia mostly lower, Dow futures -47

I can see it now. A flat open and by 10:30am Dow up another 50 points, lol...

I have some SPY puts, betting that the SPY won't be green for the 12th day in a row...and will get a red candle making 3 red of last 20 days...

$HSI index down 175 points or .82%...trading slightly higher than 21,000



Cutting it real close on the DIA rising wedge...a half a point from support...a half a point from resistance....Looking at the chart, it is extremely likely the gap at 104.5 will fill. The only thing that is certain is it will break one way or the other. Because of the astronomical run-up over the last 4 weeks I am anticipating a break to the downside. By closing bell support will have risen to roughly 106.3 so even a slightly down day tomorrow will cause a break of support:

[3xBuBu]

market would do a little til
FED tell us their outlook tomorrow, JMHO