With the SPX being unable to take out overnight high at 1108, and not reaching my target of 1113, I have closed POT Calls for a loss. Don’t have any position at the moment – will wait till the sideways action resolves one way or the other. The market is currently stuck in a 10 pt. range, the breakout above 1108 will resume the uptrend, the breakdown below 1098 will resume downtrend.
My potential long would be POT, potential short is GS.
Have a nice weekend.
