BertNErnie

People need to wake up and chill...

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
I am seeing so much bullish talk from people, it's kind of concerning. I have seen it from several. We hit the deviations for the week on the index'. QQQ we hit two deviations. Unless there is a world catastrophe that nobody saw coming, you really dont get outside two deviations. On SPY we didnt hit two deviations but we did come below the first one. Market makers when this happens needs to reel the market back in. That's their job. 6.36 was the move the market was looking for on SPY for the week and 7.53 on QQQ. QQQ we doubled that. So the little upside you are seeing, don't get cocky. I am hearing some really dumb price targets from people that I'm sorry.. they are going to be slapped pretty hard. Be careful. Next week starts a new reset.

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