It should be a sideway day, with an opportunity to short tomorrow, maybe even today eod. The channel didn't hold, so the support and resistance are being tested. IMO it will fail and this will result with a pullback of the recent uptrend we just had.
Thank you,
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This is the spot; sell or get killed. lol we will see
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Breakout of 264 would be very bullish, so is the opposite. I'm waiting...
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This whole thing could be a bull pennant. I'm looking for an exit; unless 262 support fail, this is not a good short. I won't be able to watch the market this afternoon. I will monitor from time to time on my phone, and may update later tonight or at the open tomorrow.
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I opened the following: PUT SPY 2019FEB15 264.00 We will see if it works out...