This has been a big trading market all year. There is no reason to think it won’t continue.

That being said, you have to take your shots at the 6-8% trades when they avail themselves. That means selling the rallies and buying the breaks.

You should be selling all rallies into this S&P zone as stated yesterday, with a closing stop over 1207. Day Traders should use an intra day stop.

We’re back to a higher inflection area in the S&P ( resistance) where we can manage our risk. Unfortunately the entry levels for Risk Off were all hit during the pre-lunch London session, which remains the dominant trading period for good directional flows.

SDS…We’re buying the SDS as close to 21.39 as we can with a closing stop of 20.80.

I know many of you Futures traders have already been trading from the short side up into this zone.

Golfers, most of you just want to be on the Greens for the rest of the year and keep your cash.