Last week's gap on the SPX, looked like a top to me especially being at the EOM. I'm going to have to cover some positions today at losses.
I have a ton of oil stock puts, and hope the oil stocks retreat, but they may be held up to keep the indices up?
There's obviously no selling-pressure around. I wish I was out of the way (and out of the market) as the FED drives the market up to ridiculous levels.
I wouldn't be betting short right now. Save your money to when things really get in to the stratosphere.
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