This week is historically pretty lame for upside potential. Therefore, since the week opened at 1312, it would seem to be favorable to be short over 1312 on the simple bet that this week will be down or flat.
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bought some puts here, even in the bullish case the market should trade down to 1312 or so again, not huge short positions though, will add on weakness and double top breakdown should it occur
Well, I guess that's it for today. Bull had a great day. Now it's bear's turn at least seasonality says so, I however didn't see any signs of bearishness in today's action YET (subject to change at anytime), so recommend at least not heavily bet on the bearish seasonality in the following 2 days. Thank you guys, I'll see you tomorrow!
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and bears who shorted yesterday at these levels and closed out this morning (ME lol) made as much money as bulls did today on the way up, so bulls shouldn't be too arrogant yet