This has been a plan of mine for a while. Definitely worth being cautious around this area. Has potential to develop into a macro top very quickly and many would be offside. Have a plan if it happens, will not have long to act.
First #spx#spy short bought @ 4713. Time to execute the plan
2nd batch of #SPX500 shorts filled at 4784. Remainder at 4870
Something like this in mind for #SPX. 80% filled short position. Remainder at 4870
Adjusted #SPX500 4870 orders. Filled remaining 20% of short position here at 4797. Fully allocated.
#SPX shorts filled earlier today at 4797 off to a good start.