Major resistance is major resistance…Since my clientele have differing goals..here goes.

Long term private wealth guys were looking for a low risk area to bottom fish..They do not wish to be in and out….that is why we only took half off…now it’s a free trade for them to see if it goes. Think Vegas Baby!!! House Money! We succeeded…

Day-Traders should be 100% out at a level like I gave this a.m., and reverse with a tight stop to see what you get. That level was 1178-85. All new strength was needed over 1186 for you to be wrong. It was good for a 20 point swing “WHICH IS THE AVERAGE DAILY MOVE IN THE SPU!!!” THINK ABOUT IT!

NOTE that I wanted to sell strength on the way up to the level to book money, not after the fact!

You’ve all become Jaded with this volatility! Something moves 10% in a day BOOK IT!!!!!