Quick Market Update

Mission accomplished! $129-$130 Calls on the SPY were pinned today-the reason 90% of options expire worthless.

Now for the end game, as I mentioned earlier, I think we may have or most likely will see an up day on Monday, possibly that will be the "scary" head fake.

 After keeping the SPY in check for options expiration, we're seeing some late day accumulation, I assume for a move up through $129 on Monday as options expire worthless.

So far we have distribution on the 5 min chart. If it bleeds into the 10/15 min charts on Monday, then our bounce should be over. It my take until Tuesday, we'll have to see what 3C says next week and see how the markets react to world events over the weekend.