Monday, March 21, 2011

SPX 1300

Interesting battle shaping up here at SPX 1300. The S&P 500 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

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