Time to Short the S&P
Yesterday, the S&P 500 plunged to its lowest intraday level of the year, grinding below 1075. Late in the day the index mounted a spectacular rally to close at its highs of the day.
I laid out the case Tuesday for selling the index short with 1123 as our entry point, should we get the opportunity. That opportunity presented itself just before the market close and we're now short the S&P 500. As of this morning, the e-minis and the continuous contract have also touched 1123....462 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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