SPY End Of Quarter Markup

Should we be so fortunate as to have price bid up again Wednesday on declining volume, we’re looking at a premium short setup. Idea is entry above $130 with a stop in excess of $132. Watch for fear to come back into this market and -DMI possibly achieving a reading of forty sometime in July, as we wrangle about the debt ceiling. Think $125 as a target is not unreasonable. Already leaning short and would welcome this opportunity, likely in the form of SPXU and TVIX. Remember we have a three day weekend upcoming & good luck.

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