SPX Futures 61.8% retracement

Not expecting a Tuesday sell anymore.   Index puts are starting to unwind, they are wrong again, NYAD ahead of price.

Next st target is 2757 then 2800.

Index p/c plummeted yesterday almost 50%, yet retail equity p/c remained unchanged at higher levels.

Retail is still shorting the stocks.

Didn't get through the 50 the first try, so didn't happen at the 200 either, I think the selling is

done and we will see 2800 by end of week.

What do you think the market reaction will be if the Jan jobs are revised down by 90k like Dec's?

What do you think the market reaction will be if the Jan jobs are revised down by 90k like Dec's?

I don't know, I think they expect the shutdown to have an effect.

Took partial profits here and doubled up on hedge ahead of the Trump speech tonight. Today didn't act right to me, could 

have a down day tomorrow. If a small correction and recovery in globex then might be ok tomorrow to keep going above the 200ma.

Edited by CLK, 05 February 2019 - 04:27 PM.

New all time highs today.

http://schrts.co/TdiMQYCd

Futures sold all night, cash will be next, might get a recovery in the afternoon.