SPY Fri 9-26 UPDATE

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Sep 26, 2014 4:29 PM

Rally into the close? Seems possible...would work off a lot of the S/T oversold levels. If so levels to watch are 197.30, 197.50, and then 198.00.

SPDR S&P 500 ETF (SPY)

Comments

QuantitativeExhaustion

⋅ Sep 26, 2014 6:59 PM

Caught some support

SMP99

⋅ Sep 26, 2014 7:02 PM

should close below 198...but last 15 min. never know.

QuantitativeExhaustion

⋅ Sep 26, 2014 7:35 PM

well good teamwork today

Best play imo is FB puts .. going to wait till Mon Open

have a good weekend

SMP99

⋅ Sep 26, 2014 7:48 PM

Yeah definitely. FB... like its bumping into resistance. I see some support off a raising trend line in the 72 area. Next week if markets sells off...maybe. Anyways...enjoy the weekend.

QuantitativeExhaustion

⋅ Sep 26, 2014 6:12 PM

Didn't get a penny, but filled a lotto Call 100 contracts for .06

SMP99

⋅ Sep 26, 2014 6:17 PM

i got 198 has the 50% retrace of yesterday's move. If we tag that, might set up nicely for a finaly downside move to the 194-195 area.

QuantitativeExhaustion

⋅ Sep 26, 2014 6:17 PM

agree

QuantitativeExhaustion

⋅ Sep 26, 2014 6:17 PM

thanks for the talk.. helped me tag a big one

SMP99

⋅ Sep 26, 2014 6:18 PM

glad too. You positioning anything for the possible move down? Or just waiting for now?

QuantitativeExhaustion

⋅ Sep 26, 2014 6:19 PM

I'm looking to exit