The SP has had a nice bull run the past 5 weeks. Now is hitting an important psychological and technical resistance at 500. It might try to break it on the upcoming days but I think it's going to pull back hard soon. I'm already taking profits I have cash sitting there until new opportunities come. I still have some long positions but I'm mostly in cash. Also I'm long in the Dollar on short term. Looks strong, I'm shorting AUD/USD and GBP/USD.
Don't be greedy, be smart and patient.
Don't be greedy, be smart and patient.
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I bought some calls exp 02/16 strike 496, no risking too much just for fun:
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Looks that it will test the resistance again. It usually does.
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Sold my calls. may go higher but I already made 200%: