Week of December 2

Wobble coming?

Recap of last week

SPX closed at all time highs last week, and we are still unwinding our massive long position built before the election. The latest price for these spreads are 8.60.

We also dabbled in some RTY futures on Monday for a quick 1% gain. In the new year we will be back on ES futures in a big way, in 4Q because of holding such a large call position because of the election we haven’t been using futures as much because we already have max delta on.

SPX is now up 8 of the last 9 days. Can this go on forever?

Next move for markets