Once again, SP approaches a sell signal - the three-week test of the high. While stocks have failed this test over and over again over the past 12 years, and continued on higher, it still stands for me as an intermediate sell signal.
Foolish as I am, should it appear that we will fail to close above 422.12 tomorrow for the weekly close, I will again feed the bull by buying some SPY puts. Anything can happen over a long weekend. One day, I will be surprised and the sell signal will play out. In the end, it's not like I'm risking any of my physical silver and gold, fiat is pretty equal to Monopoly money these days. Go for it!
Foolish as I am, should it appear that we will fail to close above 422.12 tomorrow for the weekly close, I will again feed the bull by buying some SPY puts. Anything can happen over a long weekend. One day, I will be surprised and the sell signal will play out. In the end, it's not like I'm risking any of my physical silver and gold, fiat is pretty equal to Monopoly money these days. Go for it!