Replies to post #114204 on SPDR S&P 500 (SPY)

[blasher]

yes .. I am "hoping" it is a 'b' wave.
If we break and hold abo1ve SPY=125.50
with all of the bad news around the world
and visions of worse to come . . .
I will Close ALL of my positions and sit in Cash
until the Market and reality make more sense again.
OR, better yet . . I'll go back to Day-Trading!

[chichi2]

my 15min SPY chart now has Totally Bullish alinement of EMA's
PRICE> 10ema> 20ema> 50ema> 100ema> 200ema at 3:30 11/30
a Thursday!

[maybe_this_time]

Made new highs and took the loss. Took some 126 calls now and hedged with 125 puts as I expect up to test. Not sure it will work out... If she breaks above 126.50 (200 day MA), would think she will test the recent high.

Did hear the Greek PM is now backing down from the referendum, but now have calls for a spot election there. More turmoil? Seems like the market likes it as Greece is back with the program for the moment...