#spx
BTC 2 Jan 20 Short 2310 puts at close @ 9.50, sold this morning in a call spread @ 12.00, for a quick 25% gain…
while I got the sell down after the fed conf I wanted, and a close below the 2260 gap-up yesterday, and a reversal signal in my indicators, I will wait for a continuation of the reversal to sell the 2290 short calls…if it moves up a lil before it falls, thats fine also..The bottom of the 2nd Gap-up window is 2245, the 38% retracement of this runup since 12/4 is 2242…if we close the window and break below the 38%, we have a potential 40 point fall zone…if not the 2285 Expansion level looms overhead…stay tuned..