SPY
- Thread starter Phill Twist
- Start date
The bounce from intraday low may not last that long. Will stay SS as long it's below 218.05
I would love to see a gap down today... tall task with the light volume but always wishful thinking. Get short while we're at the top.
They are trying to bleed longer term puts and calls. Go way out in time to defeat them at their game. Disclaimer: There is no 'they'
And here is the predictable, cursory morning dump, before the weak pump, with the goal being as flat a close as possible.
Terrible follow through on the bulls part! Limp wristed buying. Guess they know they're buying a bubble & treading carefully.
Market action reminds me of that game stop and go...market runs until yellen turns around and looks...first to break ATH wins!
FED is aware of lies they propagate (full employment etc.) so must maintain illusion of rate hike while hijacking its implementation.
world markets are down, like I said yesterday a plummet before Friday is a bonus but can't see much upside
Although bullish on certain positions i have, overall, i maintain a bearish outlook (and large option position) on the overall market