As I was expecting a few hours ago, this market wasn’t strong enough to sustain the gains and closed lower on intraday basis. SPY opened at $118.53 and closed the day at $117.55, not a huge loss, but an evidence of losing steam. Also periodicals are speaking about downside risks outweighing upside.
I will see what the market will do overnight and if it confirms itself in falling (the futures will point to a lower opening) I might buy SPY puts.
Happy trading!
Great info on investing!
Stock investing?