i didnt like the action today in the bkx from a bearish standpoint. it looks impulsive to me. had a few puts sold them at a loss
i now think we are going to go up one more time to at least try to go to new highs in this index. which would make
the action since july 2015 a wave iv. the good news is that when it does finally top whenever that is
the banks are going to be a great short. thats my take fwiw
