The rally may need a rest today. But I don't think it's quite over yet.
I'm looking to be short for a trade from current levels up to possibly 1200.
I'd look to cover and possibly reverse around 1150.
I still think 1230 is possible. How it might be achieved, when, and with what structure, I do not know at this time. (One never really knows, either.)
Today I'll be legging into SPY 119 puts against the gains on my current long inventory (SSO and RSU).
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