The S&p Has Topped

Is the S&P topping at 1345-1360?

  • I agree, you will be right

    Votes: 13 31.7%

  • Hell no this sucker is going to the moon

    Votes: 14 34.1%

  • Who cares, where the hell is my mojito?

    Votes: 10 24.4%

  • Going to fade you like we do formal gold

    Votes: 4 9.8%
  • Total voters
    41
Quote from daniel5198:

Friday I shorted 10 SPX March 1410 calls from $3.2
I still think this is a low risk trade. And yes, I have seen where the futures trade today.
risk-control plan: I will close the trade if spot hits 1400
:cool:
More...

Close for $2. Nice quick profit :)
 
Interesting day. Either gold and the vix (although I now see the spot finally made it to positive territory) are right and we reverse sharply higher soon, or bonds and the financials are right, and we tank hard.
I'm with the latter. Smells like the start of a biggie (at least 5% down), just because it's been kind of stealthy about it so far.
 
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