Because of the Gargantuan move higher today the market is technically short term overbought.
I'm hoping it can create some kind of trading range until the overbought condition gets digested and it can go even higher near S&P 4400.
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I'm thinking a possible selloff of profit takers to test 8ema possibly around 425 area or near bottom of 422 area demand zone for SPY or at the worst the 10sma on 30m 10day support test. Either way will be scalping the moves calls and puts.
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I see just about everything hitting resistance levels. Definitely needs a breather and pull back for a stronger move upwards
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