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sum1
Aug 5, 2016 1:42 PM

$SPY UPDATE 

SPDR S&P 500 ETF TRUSTArca

Description

SPY IS STILL TRADING WITH IN THAT TRENDLINE BETWEEN SOLID RED LINE A THE TOP AND THE BOTH LIGHT AND DEEP BLUE LINES BELOW. IT IWLL BE A CHOPPY AND MESSY TRADES FOR NEXT FEW DAYS/WEEKS BUT IF YOU KNOW THE OPTIONS STARTEGIES FOR THIS TYPE OF TRADE YOU WILL BE A WINNER. At some point SPY needs to close todays opening gap, so it may revisit the chart again.
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