$SPY Quick Morning Update

The market was deep in the red before the open this morning.  Since the market open stocks have been rallying.  That $SPY  $192 level remains in focus.

It's been an over $1 rally for the $SPY.  Is this a bounce up to former support before stocks come crumbling down again?  Or is the market poised to rally back over the $192 support area and set itself up for a strong finish to the week?

I am in the $BA  $120 calls at $.56 this morning and holding two options on $JPM and $GOOGL that need a big rally to get back into the game.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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