Bet that by Aug 19, 2011, SPY will rebound and touch 131, the MP of Aug 2011. Why? 3 reasons:
Reason 1) Monthly range below MP, 5%. 95.1% either touch or above MP;
Reason 2) MP touch happens 93.5% during the first 15 trading days. Aug 19, 2011 is the 15th trading day.
Reason 3) In all below MP cases, distance to kiss is $0.20. But today we had 130.96 which was only $0.04.
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