Quote from volente_00:
Watch spy interest. The 100 calls have already dropped 60k in open interest. Sure is lopsided for the put holders if they keep it under 100. Keep an eye on 98 spy open interest change in the morning. i won't be the least surprised if they fill the gap from friday between now and Friday. 968 -1004 range for rest of the week.
Quote from tstones:
I'm now convinced the move was purposely *delayed* so that daytraders don't get a piece of it.
looking for short under 979 today.
Quote from Lawrence Chan:
We are now at the juncture where bigger picture down trend is trying to resume.
Thus the memory effect of the bulls, the rabbits (late bulls) jumping on board plus media will keep defending this mkt - buy on every dips and average down as much as they can.
I am not saying that bulls are losing, just that the strong uptrend is now taking a pause.
There is ample time to ride on the down trend after it breaks its current weekly up trend. For now, think of it as a weekly level pullback should put this into a better context for trading.
Quote from Pekelo:
Although that is true, with his last 3 trades:
1. Gave back 50, made 0.
2. Gave back 50, made 5.
3. Gave back 35, made 56.
