Mar. 19 at 6:42 PM
$SPY >> look how all of the sectors are red, but
$VIX $VXX $UVXY are red and
$SVXY is green
so the sectors are all red and volatility is red as well
OPEX / checkout the 660 strike expiring tomorrow / look at today's volume and the open interest on the puts
this is providing a magnet for possible gravitational pull back to 660 / if there's a break above 660 it could create a squeeze
if the price stays below 660 it's a wall and the bears stay in control / so far it's been short at 659/660 until 660 turns into support