The S&P is still fighting resistance at 2,815 but fortunately it refuses to give up the battle. The index traded slightly over that level at 2,819 at the open but selling was brisk. After a 20 point intraday decline the S&P fought back to close at 2,815. This has been resistance since mid-October and eventually it will be broken. I would like to think we will see another rally attempt on Friday given the late afternoon rebound.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Current Position Changes
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
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