This afternoon we broke out of a two day old triangle on the S&P. We may have another 10 points or so to the upside. I decided to stand aside somewhat. Took down my DXD and SKF. Holding onto SRS and will be looking to add. I'll be back in SKF soon enough but there is no reason for me to sit and get pounded.
My target for the S&P is 1285. If we make a run at the broken trend line off the lows we are looking at 1295 or so. For the time being anyway I'm waiting for 1285-ish before I consider getting aggressively short once more.
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