SPY If we don’t hit $509 tomorrow I’m going to hold off on trading until it is reached and we see how the price reacts. It could be another slow week. VIX printed a potential inverse head and shoulders at the end of the day Friday so we should know right away whether it is valid or not.
SPY I know I was trashing chips earlier but this setup actually looks like it could be quite bullish. Reentered 4/25 $550c at the last minute.
VIX also looks like it wants to gap down. Couldn’t break above $32 again. I still have puts open but I’m suspicious that next week could see bullish price action.
SPY looks like it wants to dump but VIX could be heading for lower lows. It should to retrace to $509 but there is no trend at the moment. Frustrating day.