SPY_Trader

SPY_Trader

AMEX:IWM is in the bull zone of the Bollinger Bands, and Stupid Willy just plunked down his life savings.

SPY_Trader

You can see that AMEX:SPY is falling away from the upper Bollinger Band, and MACD has signaled that selling pressure is building.

SPY_Trader

Most of us agree that AMEX:SPY is overbought. We've seen it bounce off the upper Bollinger Band, only to gain more momentum and hit yet another ATH. Well now, MACD is starting to show some downward pressure. Will it stick? Time will tell. Personally, I'm starting to sell calls a little more closer to the money.

SPY_Trader

SPY looking bearish. Could see the floor drop if it dips below 540 ish. Selling calls here.

SPY_Trader

A picture is worth 1000 words, a chart is worth 1000000

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!