Where Will the SPY Close Contest Follow-up and Re-Run

A contest on Thursday into Friday around where the $SPY would close to end the week yielded quite a few responses, most on the bullish side. The $SPY closed at $203.97 on Thursday and the average guess for the close for Friday was $204.41 . Only two guesses put the SPY under $200 - one was $193.52, the other $196.01. Everyone else penned the close over $200. Would guess the past 6 years of 'Buy the Dip' mentality has quite a bit to do with that.

Of course the $SPY closed down over 3% at $197.63, and the media is having a field day this weekend with fear inducing articles and commentary. Is this just the start of a major sell-off, or just a pull-back before we head to new all-time highs?

Figure we give this contest another try.

Contest: Guess the Closing Price of the $SPY for  Friday, August 28th, 2015. Guesses must be in by 6am Monday morning.

The closest guess will Win 3 Months of Free Diamond Access to OptionMIllionaires.com.

Place your entries here: https://www.surveymonkey.com/r/669RS7W

Will publish the data at 10am on Monday.


Have a Great Weekend and Best of Luck!

- JB


JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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