Odds for today’s S&P (7/11/19) to close above yesterday’s close was well over 75%. We placed a trade with nearly 100% of account balance (on 7/10/19 near the close) for today’s close in SPXL.
Tomorrow, the odds have been reduced to about 70% from 80% that the market will again close higher than today’s close. We took 1/2 the position off the table and left the other half in the SPXL for an expected good trading day (barring any bad news or rate hike or anything).
Sneak preview - The odds are shaping up for Monday to be almost 70% chance of a selloff. If things go as planned, SPODD500 will be placing 1/2 the account into SPXS for the sell off.
Remember that these are only odds and markets frequently defy the odds.
PS the actual trade signal is not “official” until the order is placed on the C2 system.