The markets moved higher today and the price action is very bullish but CANNOT continue at this pace. Our position with the SPY Credit Spread is 42% in the profit. Still 8% to go and we might hit it tomorrow.
The Rule for Exit:
- Close it when it reaches 50% of Max Profit plus all fees.
- Close after 21 days if it has a profit.
- If it is a loser wait until DELTA => 30%
- If it is a loser wait until it is a winner
The S&P 500 hit new market high above 4,000! The momentum seems to stall for now. What will be the outlook for tomorrow?
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