So far its playing out almost exactly the way I have been writing about it. We are going to be back up to the 50d sma or close to it, the stockcharts.com chart is off and I have 1293 level as my line in the sand so to speak, we will gap up and open at 1290 this morning and probably push up a little higher. I anticipate this rally will be faded. But in case its not, this is a great risk reward point to short, I will risk a 5% loss vs a 20+% gain any day of the year.
Went long BGZ (triple spx short), at 38.4 stop placed at 37.95
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