3:50 AM ET
That’s the latest 5 day cycle projection. But there’s a little matter of round number resistance to be handled.
Also, hourly indicators are on the sell side with a negative divergence since yesterday. If we get an hourly close below 3282, I might buy some weekly SPY puts for a little joyride. I’m not saying that you should. I’m just saying that for my own self flaggelation.
For longer term projections and trading ideas, see Lee Adler’s Technical Trader.
