I had anticipated a rally on Monday, though I did expect 677-678 SPY to hold the top — 680 at the best case. The SPY not only got to 680 Monday it closed a few pennies above it. That opens up the possibility that the market is better prepared to move higher than I thought.

Consequently, shorts that are still outstanding I will likely close on Tuesday. I don’t trust this rally, but am not prepared to lose any money on shorts after looking so good a couple of days ago.
Thanks,
Joe

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