SPY are bouncing all over the place and it appears 117 is a good deal of resistance in the the near short term. MACD is confirming a bearish downward trend in this hourly chart and institution volume selling for today was awesome . . . Will have to see what the weekend will bring for us. Looking to maybe purchasing a 117 options straddle for Jun expiration. We would like to see a re-fill of the gap that was left behind, but, it will be quite a handful with the government in Wall Street affairs. Or maybe, not.?? Markets do not like uncertainty.
