TOT daily traders went 400% short at SPX 1985.86 earlier today. We have a 1% protective buy stop on the position. The SPX is currently about 1989. The odds favor the market’s reversing today’s direction tomorrow. Therefore, if not stopped out and the SPX is closing up on the day today, carry the position overnight and into tomorrow. On the other hand, if the SPX reverses and closes down on the day, cover the short on the close.
Thanks for the opportunity to be of service, and I’ll email you again in about ten hours.
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