The S&P 500 is very close to its upper Bollinger Band
and RSI is also close to a sell point. With
today’s price signaling a Statistically significant move, I am taking profit of about
3.5% on my SSO trade. The Index could go
higher, but I have gotten more risk averse in my trading and taking profit
seems to be right at this point. Long-term,
indicators look good so this is only a short-term move on a volatile position
(2xS&P500- ETF).
