1336.16 and 1322.94. These are the S&P highs and lows of Friday, and are what I'm using to define my stance. My current view is that the S&P is headed higher, and I'm looking for a spot to put on more longs. I have a small call position using SPY 133s that I bought Friday. Currently, I'm looking for justification to add.
Likewise, I'm looking for any indication that Friday may have marked a near-term high. A spike below 1322.94 wouldn't necessarily do it, but continued trade below there would have me looking at least to 1319.44.
Let's see what the day brings. It's only Monday morning.
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