I don't think it has been mentioned what the threshold for the correction will be. Can we use -10% or greater any time before January 17th, 2015?
- GOOG $1,036.00
- SPX 1,657.00
Yeah, I've covered (posted), but I'd assumed a 2:1 on that trade. 5% max up, 10% on the short. I'd expect a touch of 1651 SPX in a year.
I am looking to short tomorrow at 10am ET or on a touch of SPX 1824 in the first half-hour of the day session.
Mkt is a short tomorrow.