The projected move since the breakout at SPY 87 is about 108. I think we could go retest SPY 87 as a possibility. No retest is fine with me too. The selloff on Monday was on pretty light volume, so we can't really say the pullback is here just yet.
Being options expiration week, anything can and does happen. This is where the institutions try to force the stocks to a certain strike price to make the most money (and cause the most pain).
*Remember to follow me on twitter. I will post my thoughts and some trades there on an everyday basis.
*New recession price! Harness the power of a new idea and excel in the stock market by maximizing your returns with less risk. Get it now.
Being options expiration week, anything can and does happen. This is where the institutions try to force the stocks to a certain strike price to make the most money (and cause the most pain).
*Remember to follow me on twitter. I will post my thoughts and some trades there on an everyday basis.
*New recession price! Harness the power of a new idea and excel in the stock market by maximizing your returns with less risk. Get it now.