Tuesday, April 19, 2016

Apr 19 - SPY new high

SPY broke above resistance and in new territory.  I had closed the SPY short in the morning yesterday from Apr 15 and took a TVIX short which was also closed this morning.

Currently have a modest size SPY short and looking for a 2 handle pullback with stop at 211 and target 208.

For now market is still strong but we may see some chop/ pullback as seasonality becomes more unfavorable to equities in May

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