It's been a hearty past few weeks in terms of trading and dancing around the market, and our (4 week) "period" comes to an end Friday so I want to coast here into the end of the week. As per our game plan, we bought low and sold into the rally, and what a rally it was. Some weeks you have easier trades, and some weeks harder ones and from here the setups are more tricky, so I'll leave it to other folks to figure out in the immediate term. Over S&P 1100 we can make a case to 1120 and then 1130, but it the risk profile increases for those 20-30 S&P points. A break below S&P 1070 and we can make some downside plays. In between the two points (1070 to 1100)... not an area to take much risk in terms of directional movement. We'll wait and see which way the market wants to go next.
No position
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