The markets got a slight bounce today and that is a good long term sign. As of late, any rally had been met with a reversal later that day. The fact that the S&P500 and NASDAQ rebounded and held on to their gains is promising. Some follow through will be needed before we even think that the selling pressure had subsided. 



This morning, we forecasted a decent gain for the day and opened up a bear call spread. This trade had no selloff risk just in case we got another reversal. The position expired for a gain of 3.1% on the day! Have a great weekend!