I anticipated that run up and it forced me out of the SPY 100 puts, thinking it would follow through today. I feel really stupid stupid for not getting back in....real stupid.
The way the mkt moved lately reminded me of Hong Kong's so called defense against evil speculators way back with 9999 bids on all major stocks and indices.
Everytime the ES touching down 20 pts from previous close, you see 200K+ volume flat line price trading for an hour.