if we gapped up above 458 this morning i believe we fade and id get put options and we soon go below 450. this was also major resistance area. any negative news will only speed this up.
Well.. SPY gapped up.. lets see if it does fade to below 450 ... Hopefully ASAP.
Jbridgez
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@Zhenka777, yes and i should have clarified below 450 was my goal with in next few days or so. i should of edited it when i had the chance
Zhenka777
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@Benz951, I am hoping below 440 by end of next week. This psycho move up is annoying. But i am sure history will repeat itself and MM will smack this down.
Jbridgez
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@Zhenka777, yeh im just dieing for funds to settle this volitilty is amzing for some trading. but yeh. i agree with from now till end of next week too.
Jbridgez
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@Zhenka777, but i wouldnt be surprised if it happens today or maybe in the morning. depends any news that comes out...but soon...soon. (455.91- i think is first spot we should break)