This post was just published on ZYX Short Change Alert.
SPY is very overbought, but still has the potential to run to $155. It is at $152.10 as of this writing. Currently 25% of the full core position size is being held.
What To Do Now?
Those in the position may continue to hold and consider adding in 10% increments in the zone of $153.30 to $155 but not to exceed 55% of the full core position size
Those not in the position may consider starting a 10% tranche right here and continue to slowly build up to 55% of the full core position if there is a move up to $155.
