Tuesday confirmed it and many subscribers have been short from around the $660 area giving them some $15 profits in only a couple days. Many used options and as I’m sure you know that increases profits exponentially.
$440 is the next support level and that doesn’t mean it will be hit exactly. We may have put in a temporary low already.
There hasn’t been too many trades to take lately but this one has been good to us.
As for the general markets, I’m most focused on the S&P 500 right now and my view today is that we have topped and will begin a move lower by Tuesday at the latest.
Of course the market is always right and my views can change quickly and I detail my views every evening and they can change often and quickly.
Have a great long weekend and be patient and cautious at this time.