Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is up but I hold no long position overnight.
One trick for tomorrow, when both VIX and SPY closed in green, 8 out of 9 times recently a red day the next day.
One interesting thing I noticed today was that right before the close somebody bought huge amount of index put and the final CPCI readings surged from 1.22 to 1.53. Probably someone knew that the reaction to AAPL ER wouldn’t be good?
Or something else more ahead? Because right before the May 6th crash, we saw the same false print on SPY too and that false print was reached eventually during the crash. Interesting…