with all the bullish veiws out there and some infamous bears turning bullish, i guess it could be viewed as accumulation with the assumption that the feds will do something. i still can't figure out why they would want to do anything and if they do, it is clear their job description has changed...
daily spx
note touch of 50 day SMA but no close above it. a point of resistance. if closes above today or tomorrow, 60 in the cards. if not, lots of resting stops potentially below 10
fwiw, although my average short is 39.5, this does not include the puts i have sold against this position from 1335 up to 1345.
as always, will not post the options trades in this thread. right or wrong, it is the way i choose to manage my trades.