Who wants to be long on Memorial weekend?

My final word:

I was wrong. I did not do any trade today.

 

right now 1330.60 with 5 minutes to go. it's gonna be close!

 

Great prediction. Congratulations

 

thanks.

it still missed it SPX closed 1331.10.

need to work some more on those confidence intervals.

 

I don't know about that "final phase" thing, but I wouldn't be surprised to see a leg higher. Sentiment really seems to be wavering on all fronts and I doubt the group that is absorbing all the selling is the weak hands who are going to sell back even lower.

 

Ding ding ding, we have a winner.

 

That was a great prediction. I am still short term bearish. I am not stubborn and I consider the facts but I am not buying at this level. I just sold 11 PUT SPY 131 June 3rd for 0.15.

 

Are you aware of the fact that tomorrow is June 1st and first day of the month is usually is bullish?

 

No I was not aware of that fact. My trade is also protected bullish (selling naked PUT 131). I won't lose if the market goes up or drops like 2%.

 

Baller!