Have a plan SPY
Premarket will be all telling tomorrow. You can see we've now been trading in a range for the last two trading sessions. Currently I am convinced that MACD and RSI are a bit ineffective at the moment to determining where this thing goes next. We'll have bearish divergence but run up the next day. Overbought keeps getting bought; Bulls in control. One thing I will be relying heavily on in this market is range trading. Break the ath with strength (398ish) and expect a run up to the next whole number 310. Break lower end of range (395.5) expect a couple point move to the downside. Secure Profits. What I like for a shorting possibility is that gap under 402.7 down to 399's. Either way I'm holding lotto puts $400 4/16 for the exhaustion move down. If and at 410, I'll likely be purchasing those deliciously cheap May puts far from the money.
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