Stops and targets are OCO orders. If I don't post a change then the OCO remains in place and if the stop or limit (target) is hit, then that's what the exit it is.
I feel market wants to be driven to 1347-1348.Feel bears lost chance.. Next potential short will be after a drop from 1348. This is just my feeling.. nothing too strong about it.
What will be interesting is how the next drop plays out. Will the volatility increase? Will it just run like before (to no end) or bounce.
I'm thinking it will bounce pretty hard. A lot of people are feeling they missed it so I think the last swing low will not be broken for a long time.
If I had to place an all-in bet, 1318 seems like a decent stand. I doubt we will see that though.
OEX more calls than puts traded Wednesday for the first time since December (total open interest still leaning short, but the gap is narrowing). So-called smart money is betting on more upside:
having trouble with charts,on the spx ,there is a ledge posted a few days back at 48 with a cleavage at 48-58,if the ledge holds,43-44 es should be res for tonight