I caught a decent piece of that move up. Enough to cover an early loss (also a long) and end the day well in the green. I'm taking that as my cue to join the rest of Norway on Easter Holiday, but will continue watching the market for the rest of the evening. Personally, I think we have set the LOD and that we will make new highs from here. 2850 or so. Maybe 2881.
Maybe a delta neutral position, but no way would I want to hold an outright contract one way or the other.
Cash SPX is at the HWB of the decline and reached its profit objective from a counter trend long from last week, so if she doesn't reverse here or soon then we are more than likely heading to the low 2900's
As for news, economics and all that stuff - I gave up making sense of all that a long time ago. At least in relation to my technical read and trading of the market. I first started out day trading in late 2008. Just about when the FED launched their first round of QE. There were a lot of people, not just traders, but economists, who were very negative with regards to QE and claimed it would destroy both the economy and the dollar, yet here we are 12 years later. I remember that paying attention to the news influenced me very badly as I became very bearish and as a result fought the market - always looking for the great big short. Over the years, I've lost count of the # of bearish news/reports that this market shrugged off like it was nothing and even rallied on it. In recent times I think the recovery after the fall of 2018 was something that left a lot of people puzzled.