TradingView
optionflow
Jun 25, 2016 2:35 PM

$SPY - Weekly 

SPDR S&P 500 ETF TRUSTArca

Description

AH we saw a run down to 201.95 AH which met the 1.272 fib ext. Also, Williams % R showing oversold. If we look at each time Williams % R has touched these levels, it's been a buy. Doesn't mean we can't see lower first, but snaps back.

I also posted block trades at the 203.13 level AH with major volume. May be just short covering

(Williams % R - Red markers at bottom)

I see a 3 drives pattern on ES targeting 2094. I would expect a bounce to the .764 fib at 209.72 here.

Bought Jul 1 206C's into the close. Small position
More