I am going out on a limb here, but I think today will mark the high in this recent trend higher. I think we will start to move back down below 800 on the S&P moving forward.
I say this because there are so many stocks bucking up against there resistance right now. For example look at RTH. I bought puts this morning.
Let's hope this proves right, because I am carrying a boat load of puts at pretty hefty losses right now.
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