Spy closed the week out bullish as it closed green and up over 670 and is at 672 in after hours. If you look at the chart you will see that that wick on the daily trapped about 1% of the friday bears. Today was the highest volume candle of the week at over 100m.
Also,
There is about 50k in option put OI. Always remember to take a photo or screen shot of this on Friday and look at it again on Monday. We may get a morning squeeze to open up on Monday once these are closed. I do think we pull back more to retest this level before eventually going higher.
One trade could be shorting 684 back into 672. (stop 685.) These are all short term as the longer term thesis is bullish.
I believe we see 700 spy by EOD.
See you on the other side.
Also,
There is about 50k in option put OI. Always remember to take a photo or screen shot of this on Friday and look at it again on Monday. We may get a morning squeeze to open up on Monday once these are closed. I do think we pull back more to retest this level before eventually going higher.
One trade could be shorting 684 back into 672. (stop 685.) These are all short term as the longer term thesis is bullish.
I believe we see 700 spy by EOD.
See you on the other side.
Trade active
700 by EOY not EOD. Typo. Note
If we can hold 677 we will go up to test 684. If we break 677 then 672 will be our net stop. Note
Thursday 11/13 the pullback is happening lets see where we go from here. Trade closed: stop reached
Spy broke below 667. I believe that we can see it pop back up leading into NVDA's earning. But we have to always honor our stops. 
I AM HIM
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I AM HIM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.