Monday, March 21, 2011

Line Dance

It's not in the way you've been treating my friends
It's not in the way that you've stayed till the end
It's not in the way you look or the things that you say that you'll do
--Toto

Interesting battle shaping up here at SPX 1300. The S&P has rallied over 30 handles in three days.


It is now hitting its head against resistance at 1300, which also corresponds to the 50 day MA.

I added some short exposure in here given the tight defined risk parameters. Should the SPX decisively chew thru resistance here and motor higher, then I'll humbly stop this trade out.

position in SPX

No comments: