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.
