Last night's performance was indeed an indication that the resistance of the Kumo (Cloud) should not be ignored. The spike in the SPY was indeed impressive. It shot up towards the sky and out of the top of the cloud, but eventually the price came down to where it should be, and that is just below the resistance line.
This is important because this just means the market is entering into another session of indecision. This indecision in the market is good because expiry of the DecWk2 options for the SPY is Friday. All this time even as I speak, time decay is setting in, and already my trade is "safe". I hope that it stays that way.
The pre-market futures for the SPY shows a lackluster uncertainty, I sure hope that it stays that way till expiry. Well, let's see what the market has in store for us! :)
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