SPY Minds, a penny for your thoughts… now that the US penny’s retired, and markets drop dead weight all the time, this price action still feels a little heavy, even if we open green Monday, there’s room to slide DXY is still running the show GLD is still sniffing trouble and our magic VIX has been whispering erruption more than usual. What’s your read?
SPY Looks like a clear W in the works headed into thanksgiving and QT ending December 1st. Additional liquidity combined with solid data gives us no reason not to go long from here unless a catalyst presents itself. Above 676 is the sweet spot.
SPY watching $661.21 closely this week. honestly, i think they are just trying to shake bulls out for more liquidity, but I could be wrong. i'm keeping my end-of-the-year calls until we close under that level for the day.
SPY have a feeling this will open flat which will be good for us daytraders. Cos that will crush the IV and premiums will be cheap. Lets go SPY open flat.