I have some relatively light protection. Interesting intra-day action. The market started climbing around 12:20.
Superficially, the SP500 chart is still very much intact.
expressed my cautiousness, and I am lightly protected (via a light SPY put protection and EUO).
The market could always see a blow-out top, reaching 1340-1350, and any decline should be in the range of 3-5%, but I am patiently waiting.
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