If we don’t hold 907 on the SPX today this is going to get pretty ugly and I think I’m going to have to cut my SSO(53.15 +1.49) and QLD(100.36 +2.66) positions for a loss. The days in Jan are ticking away very quickly and decay is starting to work against me in a big way.
I’ll be cutting these positions in all accounts as the 907 level appears to be a very important level of support.
EDIT: Orders are in to cut at SPX(1344.90 +19.36) 904 day only. If that doesn’t happen, then I’ll revisit the situation overnight.
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