SPY_Trader

SPY_Trader

Volume has been so low as traders look for a new all time high, but big money is about to pull the plug. Going into the weekend ted as a baboon's butt.

SPY_Trader

After pulling away from the upper Bollinger band earlier this week, the MACD has indicated that this Bullshit are about to be taken to the woodshed. Selling calls is easy money IMHO.

SPY_Trader

Going against the crowd here. Playing the downside for absolutely no reason. Bought a 705/710 put spread for a penny.

SPY_Trader

It's totally rigged, and this proves it. AMEX:SPY should be on the ground right now, but it's near ATH.

SPY_Trader

Bears about to go to work on $SPY. Sold some ATM 519 calls for June 21 expiration, 43 DTE

SPY_Trader

Little dead cat bounce is just about over, as you can see AMEX:SPY bouncing off the upper Bollinger band. The stochastic indicates profit taking too.

SPY_Trader

Even though the Stochastic says good time to buy, smart money knows the dumping has only started. AMEX:SPY is still below the 20DMA, in the lower Bollinger band.

SPY_Trader

Looks like a lower high, lower low, lower expectations fro AMEX:SPY today. Hopefully stays under 507.

SPY_Trader

Looks like AMEX:SPY wants to dump, but the Stochastic indicates that bargain hunters and dip buyers are starting to grow impatient

SPY_Trader

Looks like AMEX:SPY will go down after bouncing off the 20 DMA. Bears rejoice!

SPY_Trader

Bollinger Bands and Stochastic are suggesting that downward movement in AMEX:SPY

SPY_Trader

Before the massive sell off, SPY just had a small gap that needs attention. Then, plop plop plop. Chocolate Banana time

SPY_Trader

Don't be fooled kids! SPY is just getting ready to DUMP!

SPY_Trader

Tok a small long position on small caps by buying shares of TNA. Very small position.

SPY_Trader

Sold 490 puts for 5/3/24 expiration, with 17 DTE. We may touch it, but doubtful. Also short 530 calls, but I sold them with 28 DTE, whenever that was. Almost out of juice at this point, might buy them back to lock in my gain and free up some capital.

SPY_Trader

Seems to be a bit of a gap that needs filled. Maybe not today, maybe not tomorrow, but sooner or later, will have to be dealt with.

SPY_Trader

Lower BB slide coming right up! Next week should close some gaps. See you at the bottom!

SPY_Trader

Looking at SPY, the only thing holding it up is the 20DMA. Once it breaks through, I'm expecting massing panic. Stochastic and MACD have already signaled a bullish trend. I'm just patiently waiting for the calls I sold to go worthless. I don't think it will be long.