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(36.76 +0.76) and QLD(57.78 +1.50) 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(1101.41 +11.31) 904 day only. If that doesn’t happen, then I’ll revisit the situation overnight.
