AMEX:SPY   SPDR S&P500 ETF TRUST S&P 500 ETF USD DIS
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Volume is junk, bulls are trapped but MM is trying to blowtorch off the shorts before this gets dropped.
Just as predicted they ran this up now expecting a big healthy drop sometime this week.
News will make up some bogus story why... and it will all have NO reason why it dropped.
Do you have any further analysis or opinion on SPY short?
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my puts are ready, will add more have 271.5's loaded
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Agree. Today's open looking like an exhaustion gap up.
Would not be surprised to see us open tomorrow or Wednesday with a gap down, creating an island reversal.
IXIC could be making a double top now. Significant appreciation in price in a few select tech companies really appears to be driving much of these index/ETF gains (AAPL, MSFT, FB, GOOGL, etc). When these bubbles pop, the damage will likely be widespread.
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