Buy SPY April 156, 157 and 158 calls.....equal money weighting to each.....sell 156 once they go into money, 157 the same....let 158s ride. Bulls are easy, never take losses, keep buying and sell for profits only.
Supporting the market right now....when they step away you get a rapid collapse....the question becomes, is that institution supporting the market in an effort to position it's self net short before letting it find a real bottom, or are they building a long position for the next leg up
Event is just beginning....printing more money, and borrowing more debt is a short term fix...eventually it all comes apart.
to close the gap.....lets see if we get some volume acceleration in either direction, I think that will tell us where we go over next few days and weeks.
Anyone else getting a sense that the buying off the open to this point has been a suckers move? Not sure if I am getting nervous wanting to protect my profits, or if my senses are tingling for a real reason, but this bounce from the open looks like retail bagholders getting sucked in.